No matter what the market conditions are, do not try to catch every fluctuation during the operation; only earn the money you understand. The market is like the tides; there are rules and signs for rises and falls. Patiently wait for your opportunity. Overall, Bitcoin is still performing strongly today, mostly in a fluctuating upward trend. After reaching a peak of 118,856 in the evening, it stopped and is currently fluctuating at this position. Ethereum has also performed strongly today, rising to 3,794 steadily. We continue to follow the bullish trend today, with Bitcoin and Ethereum respectively earning 1,100 points and 100 points from the evening layout. Execution is more important than perfect analysis; get on the bus first and then buy the ticket, but don’t get on the wrong bus. If you still can’t find a suitable way to earn in this circle, then following Lao Chen’s layout guidance may be your only shortcut.
From a daily perspective, the technology has formed a trend of halting the decline and recovering. The daily line has stabilized after the decline, forming a rebound wave type of a downward wave. This week, we can still approach it with the mindset of buying on the retracement. Before a clear reverse pattern forms, use buy on retracement as a steady approach to enter the market. On the four-hour level, after a surge followed by a pullback, the price is also supported by the short-term support at 117,000, showing signs of halting the decline and rising. The pattern has formed a doji candle, indicating insufficient continuation of the bearish trend. The bullish trend has rebounded upwards again, and it is likely to undergo a slow rebound correction rhythm at midnight. Although it’s slow, it doesn’t indicate weakness in the bullish trend, but rather a fluctuating upward movement, a gradual rise that forces shorts out.
Operation suggestions:
At midnight, buy Bitcoin at 118,300-117,800, targeting 119,500-120,000.
Buy Ethereum at 3,775-3,755, targeting 3,850-3,880. $BTC