Midday Perspective Update
Discuss the morning market situation
In summary: The pullback is abnormal
BTC has already broken the four-hour lifeline, with a morning low of 116870, and this has reached the daily lifeline; such a situation, where the four-hour line is broken and reaches the daily lifeline within a day, is rare, so caution is advised. At this point, the following preparations should be made:
Do not enter long positions for now, including contract longs and spot; if you have positions, observe one more 4-hour candlestick. If the next one (by 4 PM) still cannot close above the four-hour lifeline, exit at market price (including spot). If it can close above, continue to observe.
ETH has also broken the four-hour line, with the daily line at 2900 (which has not been reached yet), and the thought process is the same as BTC.
