25/08/08 BTC breaks upward flag, Ethereum has broken through 3900, altcoins' oversold rebound will continue
In a bull market, don't call the top and don't short. Even when there is a demand to sell off, I keep reminding not to short. When the pullback is in place, you can add positions. Being trapped is temporary, but a liquidation is irreversible.
Don't FOMO, look for opportunities to enter in batches during pullbacks. In a bull market, avoid too short cycles. Focus on medium to long-term positions, hold onto low-priced chips, don't jump around casually. Those who can endure loneliness can enjoy prosperity and withstand temptation. I have always been a die-hard bull. BTC will always oscillate upward, always bullish, always tearfully optimistic.
✅ 2025 to be a year of super IPOs (not realized)
✅ SEC and Federal Reserve to cut interest rates in the second half of the year (not realized)
✅ President signs executive order allowing 401(k) to be equivalent to ETF approval
Bitcoin
✅ Bull flag is attempting to break through
✅ Daily line temporarily closes above 116000
✅ MACD histogram fast and slow lines potential crossover
✅ RSI breaks through, price stands above MA20
Support: 115600 to 116000
Resistance: 118000 to 121000
Ethereum
✅ Testing resistance near previous highs again
✅ MA20 effectively breaks through
✅ Daily RSI breaks upward
✅ MACD fast and slow lines potential crossover
✅ ETH/BTC exchange rate to rebound by 0.0334
Support: 3550 to 3750
Resistance: 4100 to 4868
