Today's market situation can be described as turbulent. The price of Bitcoin (大饼) began to rise strongly after fluctuating in a narrow range around noon. The upper resistance was strongly broken through, peaking at around 106486 before pulling back under pressure, stabilizing with slight fluctuations around 106000, until a significant drop occurred in the evening, reaching around 104000 without stabilizing, continuing on a downward trend, eventually falling to about 102255 where it gradually slowed down, successfully breaking through the lower support, creating a new recent low. The downward momentum is fully displayed, but further attempts to drop lack strength, leading to expectations of a market warming in the future.
From the current perspective, after two days of tight trading, the daily line has recovered from a long upper shadow bearish line. The price has strongly broken the support level, but has not continued downward; instead, it has shown some rebound. Currently, the price is oscillating and correcting near the 103000 mark. The downward trend remains feasible. Our previous strategy of buying on dips remains unchanged, and there is still not much room below. In the future, we can patiently wait for the market to provide another opportunity for a rebound. At the current price, we can confidently enter the market, but we must always pay attention to market trends. If the price again tests the significant 100000 mark, we can respond promptly for necessary adjustments.
Buy Bitcoin (大饼) in the range of 103200-102500, targeting near 106000; for Ethereum (以太), buy in the range of 2420-2400, targeting near 2500.