$$ETH Don't be anxious due to short-term fluctuations; real wealth takes time to solidify. The most expensive thing in the crypto world is not BTC, but the opportunities you miss because of hesitation. A bull market is a celebration, a bear market is for cultivation, and the true winners are long-term thinkers. The recent market trend undoubtedly belongs to Ethereum's celebration, reaching a new high every day, with basically no significant pullbacks in between. After hitting a peak of 3823 at midnight, it entered a pullback to confirm support, with a minimum pullback to 3681 before stopping. Currently, the bulls have once again entered a strong recovery phase. Bitcoin has been relatively weak in its recent fluctuations, rebounding to around 118900 yesterday but falling back, with a minimum drop to around 116500 in the early morning. Today, with Ethereum leading the way, it is gradually finding its strong rhythm again, having recovered the 119000 mark. On Sunday night, the bearish outlook for Bitcoin came as expected, while Ethereum experienced minor losses, with a stop loss of 50 points.
From the current chart, regarding the future market layout, the trend is to follow along, continuously surrounding and following each pullback to enter more positions. Since the 3800 mark has been broken, the upper space has already been opened. Of course, as the highs continue to rise, there will certainly be new highs appearing in the future, and pullbacks will also occur, just like the Federal Reserve's interest rate cuts will inevitably come. Even if we go long, we will face pullbacks and reversals; that will only result in a single stop loss, while opportunities to go long will be more abundant. The change in trend is not something that can be accomplished overnight; don’t think about picking the top when it rises or picking the bottom when it falls. There is only one top and bottom; if you try to take multiple fault-tolerant tests to catch an unknown point, even if you catch it, will it be enough to compensate for the repeated stop losses? And if you can’t catch it? So be cautious when picking the top; in the future, I still have a more bullish outlook on the trend and will focus on entering the market around the pullbacks.
On Monday, consider going long around 118500 for Bitcoin, aiming for 121000.
For Ethereum, consider going long at 3750-3760, aiming for 3850-3900.
