Rule number one for surviving in the crypto world: The market always takes off after you can't help but cut losses, and plunges when you are FOMOing in. One bullish candle changes your belief, three bearish candles bring panic. You think you are catching the bottom, but it's just a rest stop halfway up the mountain; you think you are escaping the top, but it's merely a security check before takeoff. Watching the market until your eyes turn green, your account balance fluctuates like a disco. News is flying everywhere, real good news always runs faster than you, while fake bad news drops in without a warning. When big players share their profits, following them turns you into a bag holder; when KOLs call trades, doing the opposite might actually lead to wins. When the big players draw lines, your stop-loss feels like it's been navigated; once contracts open, volatility lets you experience a rollercoaster ride without a safety belt. Playing with coins? It's about the heartbeat, staying up late, losing money, and gaining lessons. But as long as you don't leave the table, dreams are always on the road to getting rich... maybe. Looking back at the intraday market, Bitcoin has stabilized and risen since the intraday low of 117017, steadily climbing to a high of 119299. After a brief pullback to the support level of 118156, it surged again, ultimately reaching a high of 119786. Ethereum performed even stronger, starting a one-sided upward trend from the 3099 level, peaking at 3295, with a considerable intraday increase. We accurately grasped the market rhythm: for Bitcoin, we decisively entered long positions at the low of 117500, securing profits when the price rose to 119000, successfully capturing a space of 1500 points; Ethereum trading also performed excellently, entering long at 3076 and closing at 3170, securing a stable profit of 94 points. The evening market continued to be strong, and we again captured a pullback opportunity: Bitcoin re-entered long positions at 118300, exiting at 119600, gaining another 1300 points; Ethereum entered long at 3159, closing for a profit at 3258, achieving 99 points of space. From the current market trend, the bullish momentum remains strong. The trapped chips formed during the rapid downward market initiated by the bears have yet to be fully digested, especially at the 120000 level, where significant resistance has accumulated. Currently, when prices touch the psychological level of 120000, a clear divergence between volume and price is observed, with some short-term profit-taking occurring, leading to signs of pressure in the market. Technically, the 120000 level is not only an important psychological level but also the upper resistance of a previous dense trading area. If it can break through this resistance with volume during the early morning hours, it indicates that the main funds have completed sufficient washout actions, and the market may open new upward space, allowing for long positions to follow the trend. However, if multiple attempts fail, one should be wary of short-term pullback risks, with key support levels to watch in the 115000-117000 range. It is prudent to wait for price to confirm effective support after a pullback before strategically positioning for a new round of long positions.
Bitcoin: Buy around 118300, short-term target 121000
Ethereum: Buy around 3240, short-term target 3350
