When the candlestick chart flickers between red and green, what you see is not price fluctuations, but the visualization of the heartbeat of millions of traders. Hidden within those fluctuating shadows are the despair of those who have been liquidated and the ecstasy of those who have taken profits, while the true hunters are always waiting for the moment market sentiment shows signs of a crack. 'Black Friday' has staged a deep correction as expected, with Bitcoin plunging over 1800 points before stabilizing around 117800, and Ethereum completing a technical pullback of over 100 points in sync. This adjustment has effectively released short-term overbought pressure, and we accurately predicted and seized this bearish market in our strategy. It is noteworthy that the current price has fallen back to a key support area, and the daily level upward trend line remains intact; the overall bull market pattern of the market has not been damaged.
The market shows two positive signals: first, the 4-hour RSI indicator has turned upward from the oversold zone, and MACD bearish momentum continues to diminish; second, the trading volume exhibits a healthy washout characteristic of 'declining volume on downtrends, and shrinking volume on rebounds,' with significant capital support emerging in the 117000-118000 range. Ethereum's performance is particularly remarkable, forming strong support at the 3500 mark, demonstrating the characteristics of a leading variety.
It is recommended to adopt a 'staggered position building + key level breakout' dual-track strategy: aggressive traders can lay down bottom positions in the 117500-118000 range, while conservative investors should wait for the price to stabilize above 118300 before entering on the right side. Pay close attention to the competition at the 118000 round number; an effective breakthrough at this position will confirm the end of the adjustment, with the market target still looking above 120000. Remember: sharp declines in a bull market are often gifts for the patient.
