7.2 Early Morning Bitcoin and Ethereum Market Analysis!
True value investors understand that bear markets are the best gifts the market gives us, as they filter out speculators and leave behind true believers. There’s no need to be anxious about short-term paper losses; those fluctuations that cannot defeat you will eventually become the medals on your investment journey. Keep your focus long-term; each moment of patient waiting today is accumulating strength for tomorrow's harvest. The market is always in cycles, and what we need to do is maintain rationality and faith, quietly awaiting the blooming of spring. Investing is a practice, and may we all gain wealth while also becoming stronger ourselves in this blockchain revolution. The evening market is also bearish, just like our strategy, and our short positions have successfully taken profits! Entered at 106871, exited immediately to take profits after the price dropped to 105744, leading students to capture over a thousand points of space! The direction of thought has been publicly shared in advance; everyone can see the strength!
Currently, the daily chart for Bitcoin shows that the price has closed in the red for two consecutive days, with a significant drop, forming a clear corrective trend. In the 4-hour cycle, the highs are gradually decreasing, and the lows are continuously setting new lows, indicating a short-term downtrend. Both DIF and DEA are diverging downwards, and the green bars are continuously expanding, indicating that bearish strength is dominant: After the MACD death cross at the daily level continues to weaken, it approaches the oversold zone but has not fully entered it, indicating there is still some downward space. In the early morning, it is recommended to enter short at high levels.
Operation Suggestions
Enter short around 106800 for Bitcoin, with a target near 104000.
Enter short around 2470 for Ethereum, with a target near 2340.
