Belief is not the encouragement of others, nor the instigation of others, but self-motivation. Countless dreams of people die at the mouths of others, and too many hopes are extinguished in their infancy. People all want a different and beautiful future, yet choose to cope with everything rather than give their all. The market from midnight to morning has lived up to expectations, with bulls welcoming a strong rebound. Bitcoin started to rebound after stopping at 115700 last night and has now rebounded to a maximum of 118512. Ethereum rebounded after stopping at 3670, and in the early morning, it rose continuously throughout the day, currently rebounding to a maximum of 3864. In the early morning, a strategy for buying on the pullback was clearly given, and it has been repeatedly mentioned in the blog that we are looking for a rebound recovery, which has now been fully realized. Last night, Bitcoin was suggested to buy near 116000, and today it was suggested to exit near 118000, making a profit of 2000 points. For Ethereum, a buy was suggested near 3700, and today it was suggested to exit at 3800, also making a profit of over 100 points. The market is not inappropriate, and the Hangqin is not unpowerful. The problem lies in our wrong position and direction. Once we realize the mistake, we should correct it immediately.
From the perspective of the market trend, the daily line once again recorded consecutive positive days. Overall, the daily level coin price is still in a high-level consolidation trend, which continues to intensify the upward divergence arrangement of the daily moving averages. As we mentioned recently, we still maintain a bullish outlook for the medium term, with operation guidance remaining long-term bullish. The hourly level shows that the short-term coin price has rebounded after a high, stabilizing once again below the hourly moving average resistance price level. Overall, the hourly moving averages show a converging performance, maintaining a short-term oscillation trend. As the high-level consolidation period extends, the current four-hour coin price is gradually stabilizing below the indicator support level. The four-hour moving averages are in a downward crossing arrangement, and there are signs of a pullback after short-term highs encounter resistance. Many people were unable to catch the quick rise in coin prices today, and it is expected that there will be a slight pullback opportunity during the day, followed by further bullish performances. In terms of operation, one should buy on the pullback, avoiding blindly chasing after rises, and pay attention to controlling the timing and reasonably arranging positions.
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