In the early morning, the price comparison dropped strongly, with Bitcoin breaking below the support level, approaching around 100600. Ethereum dropped below the 2406 line at its lowest point, but neither managed to stabilize at the lower levels, instead rebounding to around 103000. As mentioned in our morning thoughts, we can wait for a pullback to plan long positions, guiding our students to enter short positions during the pullback and capture nearly a thousand points. This is the charm of real-time guidance; when the market reverses, we can respond immediately. Did everyone manage to grab their share in this wave of market movement?
From the current market perspective, after a rapid drop breaking below the support level, there was a quick pullback and correction, oscillating around 103000. This is a normal market consolidation following rapid fluctuations. On the daily chart, there are three consecutive bearish candles, indicating an overall downward trend. After a significant release of bearish momentum, a slight fatigue is showing, but we still favor a bullish trend. On the four-hour chart, the candlestick pierced the lower Bollinger Band, and the moving averages are opening up; however, there are currently no signs of a rebound stabilizing at lower levels. Focus on the 99000 support level below, and in the short term, we can look for a wave pullback, suggesting a long position on the afternoon.
Bitcoin can be bought in the range of 101300-101800 in the afternoon, targeting around 104000; Ethereum can be bought in the range of 2420-2450, targeting around 2550. $BTC #比特币
