Daily review, today’s strategies given during the day are mainly focused on rebound trading. Last week’s weekly chart showed a bearish candlestick doji, which led to the expectation that the market would continue its downward trend. This misjudgment of the market situation resulted in unfortunate losses. However, losses are not to be feared; as long as position management is done well, and one does not hold onto losing trades, timely stop-losses should be executed without allowing each trade to potentially become the last one! In cryptocurrency trading, it's not about rushing for quick gains; longevity is the true principle.

Continuing to look at the market, we can see two consecutive weeks of doji candlesticks this month. Is this setting the stage for this week’s Federal Reserve interest rate announcements? In April, there were reports that interest rates are expected to be lowered in June, and Trump has consistently expressed dissatisfaction with the Federal Reserve. However, the impact of news cannot be predicted in advance; we must patiently wait for the announcement and then analyze the market accordingly before entering!

The bullish stance in the market has not changed; looking at the monthly chart, the bulls are still developing, and the weekly chart is in a range-bound oscillation. Our medium to long-term strategies must be laid out under the condition that the market is bullish.