High volatility is a unique characteristic of a bull market. Conversely, more people may lose their principal during a bull market. It is very important to understand the subtle changes in Bitcoin and Ethereum, grasp the correct trend, and adapt to the current market conditions with a better rhythm.
Looking at Bitcoin on the 4-hour chart, the downtrend has not yet ended, with support around 116500. The hourly chart has shown signs of a rebound. If it can recover above 118500, this round of market correction will be over, and we will continue to be bullish.
Ethereum today has dipped to the support level of 3580 mentioned in the last two days, and it also shows a rebound trend and signs of turning. The overall trend is still intact, and now is a good opportunity to add to positions.
Today, NEIRO allowed everyone to enter a position around 0.00052, and for those who already have positions, to add more around 0.00049. This dip was quite generous, hitting a low near 0.00049. The support level during the drop then becomes resistance during the rebound, with 0.00056 as the first take-profit position.
The market is still active, so everyone should hold onto their chips and not get shaken out. Position control is equally important; this is your trump card in playing against the market and maintaining the initiative.