Profits and losses come from the same source; accepting reasonable losses is essential to grasping your market. Long-term thinking is the underlying logic of short-term speculation, and fantasies of sudden wealth often end in liquidation. If trading makes you anxious, sleepless, and constantly watching the market, please stop, because true wealth belongs to those who stay clear-headed amidst frenzy and maintain discipline amidst panic. Remember: the market is always open, but an uncontrolled account may never have a chance to recover. Reviewing the morning, the price comparison did not stabilize above 120,000 but broke below the support level of 119,000. The long positions we laid out in the morning regrettably stopped out with nearly a thousand points of loss. Ethereum synchronized stop loss at over 40 points, and then we took advantage of the trend to short, successfully recovering nearly 1,700 points, with Ethereum synchronously capturing over 60 points. The bearish momentum in the morning was too strong; all we could do was timely stop loss and go with the trend. Currently, the coin price has reached around 117,500.
The early market confirmed the strong release of bearish forces; Bitcoin quickly broke below the critical support level of 119,000 after failing to stabilize above the psychological level of 120,000, forming a clear breakdown structure. The current price has fallen back to around 117,500, with the 4-hour level continuously closing with solid bearish candles, the Bollinger Bands opening downwards, and the MACD indicator showing a death cross with green bars continuing to increase, indicating that bearish momentum is strengthening. The short-term moving average system has formed a downward diverging bearish arrangement, and the area between 117,000 and 116,500 will become the next testing target.
Ethereum is showing a weak pattern, having lost the key level of 3,000 dollars, forming a divide between bulls and bears, and is currently under pressure below the 4-hour MA30 moving average. The hourly RSI indicator has entered the oversold zone but does not show a clear divergence, indicating that the downward trend has not yet shown signs of exhaustion. If the support zone of 2,980-2,960 is effectively broken, the downside may test the strong support area of 2,920-2,900.
In terms of operations, it is recommended to maintain a rebound short strategy, with Bitcoin focusing on the rebound resistance zone of 118,200-118,500, and Ethereum focusing on the resistance range of 2,980-3,000. Current market sentiment is bearish, and it is not advisable to blindly catch a bottom before a clear bottom reversal signal appears. Short-term traders need to pay attention to position control and set strict stop losses.
(The volatility of the market is increasing; trading must remain flexible and strictly control risks) ⚠️
