The market trend from yesterday to today has been consistently moving in a fragmented bearish to fragmented bullish manner. However, the overall market has remained in a high-level consolidation, reflecting the strength of the bulls. Once this sustained momentum breaks through, it will undoubtedly refresh the highs again. Currently, the price of Bitcoin is around 111,400. Ethereum has steadily risen since early morning and is close to 2,700, with the price showing signs of action. From early morning to the morning, our main rhythm has been bullish, and the long positions have already been perfectly harvested. Bitcoin successfully gained 835 points of space, while Ethereum gained 45 points of space. In a favorable market, it creates opportunities for you; in an unfavorable market, it educates you. Don't be upset; there will always be some market fluctuations you don't understand, and there will always be a wave you can profit from. Do you think if you didn't make money today, it will continue to shrink tomorrow? Do you think the market you couldn't catch today will always slip by? There is morning and evening in a day, and there will be a day for morning and evening. If you haven't gotten what you wanted, you will soon get something better. This is not just motivational encouragement; it is a rational approach. The most fearful group of people is those with low emotional intelligence, who become anxious when faced with situations, trying to seize every rise and fall without letting go, constantly building positions. The more times you act, the more you lose your true strategy.
Looking at the current market, the four-hour K-line has risen to the upper track, and the current market's correction provides relatively few opportunities, which is enough to show the advantage of the bulls in the current market. However, if the correction does not arrive soon, the bullish volume in the market may also be relatively small. In the short term, after the market rises, a few hundred points of retracement have not provided much for both bulls and bears, leading to a sideways consolidation in the short term. The Bollinger Bands are narrowing and moving upwards, and the overall trend still shows a dominance of the bulls. Our strategy for the day remains to buy on dips, paying attention to the strength of the retracement corrections.
Operation Suggestions
Bitcoin buy at 109,800-111,000 with a target of 112,500
Ethereum buy at 2,660 with a target of 2,730