In the cryptocurrency market, complaining does not solve any real problems we face. Losing is not scary; what is scary is not having the courage to face failure. Do not be discouraged by temporary setbacks. Reviewing today's market, it can be said that there are plenty of gains (this morning, after successfully entering at the predicted entry point, we successfully captured a space of 895 points; during midday, the market entered a range-bound consolidation state, but we successfully followed the market at the first moment of movement; in the evening, we successfully took profits again and captured a space of 1116 points). During this period, Zhuo Wei did not hold back, sharing real-time analysis promptly at the first moment the market moved, and I believe those who followed along have a deep understanding of this. Opportunities are shared with everyone; if you missed it, you can only wait for the next time. The market is always there, and the trends are always present. Following Zhuo Wei's live trading, we can accurately capture the market direction.
The daily chart of Bitcoin shows a clear three consecutive bullish candles, solidifying the bullish trend. The MACD daily golden cross continues to operate, indicating that bullish momentum is still being released. However, the RSI indicator is approaching 68, nearing the overbought threshold of 70, so we need to pay attention to potential short-term adjustment pressure under overbought conditions. From a key point of view, we need to focus on two major resistances above: first, the weekly high of 107500, which is an important resistance level for previous price movements; second, the psychological barrier of 108000, which can easily trigger long-short battles. Support below relies on the breakout level of 106500 (which turned into support after breaking) and the key bullish defense line of 105900. If this level is lost, it may weaken the short-term upward momentum. In the early morning layout, we continue to maintain a high sell and low buy strategy for long positions. (Remember to strictly set stop-loss and take-profit points; the points have been provided to everyone.)
Bitcoin around 106500, target 108500
Ethereum around 2390, target 2550
