Thursday Morning Thoughts: Latest Analysis of Bitcoin and Ethereum Market
Bitcoin has been consolidating at a high level, and range trading is possible. When the market drops below 103000, some call for a significant decline, and when it rises above 105500, they again call for a surge. Perhaps it's time to step back; this market may not be suitable for you. If you can't abandon the mindset of chasing highs and cutting losses, you truly don't belong in the crypto space. Learn to befriend the trend and be your own adversary before returning.
Currently, we have re-entered a phase of localized consolidation and correction. There was a surge in the early morning that recovered some of the pullback space, but in a strong market, the biggest fear is encountering a rise followed by a drop, which is precisely the case now. After the pullback, the rebound has been weak, and we have again fallen into a weak trend in a short time. Bitcoin has further retraced to around 102500 in the evening, with the decline slightly widening. Currently, the defense at 102500 has not been breached; there has only been minor damage in the short term. Even if there is a decline, it ultimately still recovers, which indicates that the demand for a rebound is substantial. The downward objective is more about alleviating the burden on bulls and further stimulating bearish sentiment in the market, paving the way for a better upward assault, even attempting to break historical highs. The strategy remains unchanged: continue to follow the pullback and add positions, with only slight adjustments in points, but this does not affect the overall approach.
Morning Trading Suggestions
Bitcoin: Range between 102500-103000, target 105000.
Ethereum: Range between 2540-2560, target 2800.
#比特币 #比特币走势分析
Bitcoin has been consolidating at a high level, and range trading is possible. When the market drops below 103000, some call for a significant decline, and when it rises above 105500, they again call for a surge. Perhaps it's time to step back; this market may not be suitable for you. If you can't abandon the mindset of chasing highs and cutting losses, you truly don't belong in the crypto space. Learn to befriend the trend and be your own adversary before returning.
Currently, we have re-entered a phase of localized consolidation and correction. There was a surge in the early morning that recovered some of the pullback space, but in a strong market, the biggest fear is encountering a rise followed by a drop, which is precisely the case now. After the pullback, the rebound has been weak, and we have again fallen into a weak trend in a short time. Bitcoin has further retraced to around 102500 in the evening, with the decline slightly widening. Currently, the defense at 102500 has not been breached; there has only been minor damage in the short term. Even if there is a decline, it ultimately still recovers, which indicates that the demand for a rebound is substantial. The downward objective is more about alleviating the burden on bulls and further stimulating bearish sentiment in the market, paving the way for a better upward assault, even attempting to break historical highs. The strategy remains unchanged: continue to follow the pullback and add positions, with only slight adjustments in points, but this does not affect the overall approach.
Morning Trading Suggestions
Bitcoin: Range between 102500-103000, target 105000.
Ethereum: Range between 2540-2560, target 2800.
#比特币 #比特币走势分析
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
101,792.8
-1.94%
ETH
2,543.57
-1.98%
