This week, the market has been a back-and-forth wash between bulls and bears, it has been quite slick!
Starting on Monday, the bulls pushed up 2000 points to around 107500, and most people thought it would follow last week's oscillating market to fall back, but the market sang a different tune.
On Tuesday, with support from major institutions and the rejuvenation of the Ethereum ecosystem, Bitcoin and Ethereum's bullish sentiment increased, continuing to rise, while retail investors were caught in a sleep trap. Bitcoin directly returned to 110,000, and Ethereum approached 2800. At this time, the market was filled with cries.
On Wednesday, bullish momentum was strong, making two attempts to break above 110,000 before retreating and fluctuating sideways. There was continuous good news in the market, and at this time, investors had already switched direction to favor the market continuing to break upwards. Unfortunately, the bullish attempts failed, and there was still no effective breakthrough. The market repeatedly faced resistance when going up and then retraced down.
Yumi, after analyzing the market trends from last week and the weekend, remained bullish from Monday to Wednesday, confirming the pullbacks along the way; partners have also been well-fed and satisfied. Bitcoin reached a high of 11672 points, and Ethereum reached 756 points. This perfectly confirms the bullish trend.
On Thursday, after everyone continued to be bullish, the dealer seized the opportunity and made another wave of operations in the early morning, pulling back nearly 4000 points, specifically targeting bullish long positions. This is a back-and-forth wash by both bulls and bears, with the dealer reaping the benefits.
Early Friday morning, good news came again, and the wall grass began to sway on both sides. One was afraid that the market would surge again, and the other was that recent news was bullish; many thought that after Thursday's short pullback, the market would welcome another bullish lead. The ideal was rich, but the reality was thin. The market briefly rose to entice, followed by another sharp drop.
After the news from Israel and Iran came out in the morning, investors quickly withdrew, and risk-averse sentiment increased, with the market dropping to a low of 102652. The reversal was rapid; the smart ones had already run away, while the stubborn ones could only be slaughtered and trapped.
The way people are being played around is truly astonishing! The market is playing a big game of chess, moving towards the side with fewer people, focusing on surprising the unprepared!
After three days of bullish sentiment, Yumi found that the bulls repeatedly failed to push upward, indicating strong resistance above, and when there is no breakthrough in a short period, the market usually follows a retracement route.
This is similar to breaking the historical high in late May, where the market also failed to push up multiple times before entering a sideways trend, followed by a sharp downturn.
On Thursday morning, Yumi changed direction in advance to look for a rebound, and sure enough, the dealer's operations did not disappoint me, as the market went down all the way until Friday morning, with nearly 8000 points of deep retracement coming to an end. Yumi not only caught the rising opportunity of the previous three days but also skillfully handled the rebound in the last two days, with precise control. In just two days, Bitcoin reached a high of 10430 points, and Ethereum reached 643 points.
Whether bullish or bearish, Yumi is prepared to counter any situation. With years of deep understanding of the cryptocurrency market and rich practical experience, Yumi made accurate predictions in advance, helping partners avoid potential risks successfully, yielding fruitful results. Some made profits and withdrew, while others continued to increase their positions. This week can be said to be a joyful harvest.
Currently, the weekend has arrived as scheduled, trading volume has decreased, and the market shows a fluctuating trend. First, we will see if the position at 106000/2620 can hold; if it holds, then the bulls have room to rise next week; if not, the market may once again follow a trend of oscillation and retracement.
In the cryptocurrency market, a place intertwined with greed and desire, who doesn't want to make a profit? But executing trades is not that easy, and no one can guarantee that they won't make mistakes.
Trading is cold, and the market is even more ruthless. Especially in the cryptocurrency world — one misstep in rhythm can lead to a total loss. So you can't rely only on luck or passion. You need to rely on a system, a rhythm, and an understanding that allows you to 'survive.'
Yumi always maintains the original intention of yearning for freedom in life and has been silently striving for it. The story continues, let us write our own chapter together!
