In the cryptocurrency world, experienced players strategize while newcomers chase after moves. The former observes the overall situation and plans for the long term; the latter focuses on immediate gains and often loses big. On Monday, after facing pressure from above, the market dipped to around 116370 in the morning, then gradually recovered throughout the day, reaching a high of 119720 in the evening, fully reclaiming the dip. Ethereum showed a strong upward trend, exhibiting a one-sided rise throughout the day, climbing from a low of 3680 to 3857. It also reclaimed previous losses. Throughout the day, the strategy of buying on dips was consistently validated. In the morning, buying the dip yielded a gain of 864 points; in the afternoon, another buy on dip gained 1217 points. In the evening, buying the dip yielded 1070 points. In total, the buying on dips for Ethereum resulted in a gain of 146 points. All proposed strategies throughout the day were fulfilled.

This overall rise presented a rhythm of oscillation upwards, significantly different from the previous strong one-sided squeeze. Due to the considerable fluctuations in price movements, today’s price action included a corrective move, which falls within normal expectations. Currently, the repeated testing of support levels shows a gradual weakening of the rebound strength, indicating that the support level may not effectively sustain prices for a continued rise. After multiple tests, the support function is diminishing. In the short term, each pullback can be viewed as bullish momentum for upward movement and should be considered as secondary assistance. In the short term, the overall strategy should be to treat the situation with a mindset of oscillation, and every pullback presents a good opportunity to buy.

At midnight, Bitcoin can be bought in the range of 117500-117000, with an initial target of 119500. Ethereum can be bought directly around 3760, with an initial target of 3880$BTC .