$BTC
Let me briefly review today's market for everyone. Bitcoin has been in a downward trend all day, with several rebounds attempting to test the upper resistance. Unfortunately, the upper resistance has always been quite strong, and Bitcoin has not been able to make an effective breakthrough. In the evening, the price retreated again, touching a low of around 102536. The volatility during the day has been quite large, and we have accurately identified entry points, making profits a natural outcome. Ethereum had a surge early yesterday morning, breaking the 2700 level but failing to hold above it, subsequently retreating. We seized the opportunity from this surge and successfully captured over a hundred points before exiting. The market is relatively easy to navigate.
Currently, from the perspective of the market, Bitcoin experienced a brief rise after the U.S. stock market opened in the evening. Unfortunately, this rise lacked sincerity in its strength, and soon the upward space was given back. On the daily chart, today closed with a small bearish candle, completely giving back the gains made yesterday. The market moved quite quickly in the evening, so it's important to grasp the entry points. Looking at the 4-hour chart, the price has broken through the support given by the middle track and is currently operating near the lower side of the middle track. Overall, it remains within a range-bound fluctuation. In the early morning operations, it’s advised to maintain the approach of buying on dips as indicated by the white chart, focusing on the gains and losses around the 102000 level. If it breaks, one can consider following up appropriately, with everything based on real-time market conditions.
In the early morning, Bitcoin can be bought between 102000-102500, with a target near 104000. Ethereum can be bought between 2530-2550, with a target near 2660.
