$ETH Don't let the short-term fluctuations or impulsive rises on the candlestick chart easily disrupt your inner compass. In this long journey of cultivation in the crypto world, patience is never about passive waiting, but about steadfastness with a clear understanding—it's like a dull knife, seemingly slow, yet over time, it can carve what appears to be ordinary chips into stunning outlines of wealth. True accumulation is always hidden in those moments of resisting the urge to chase after price increases and enduring without cutting losses.
Looking back at today's market, Bitcoin touched a low of 115900 in the early hours before fluctuating upward to a high of 117900. Subsequently, the bears began to gain strength, and the price of the coin began to decline, stabilizing around 116500. Ethereum showed a strong bullish momentum during the day, running at a low of 3960 in the early hours, then spiking to 4100 at noon, before bulls pushed again to break through the new high of 4200. Currently, the price has stabilized at 4200, remaining steady around 4240.
From the current market perspective, Bitcoin's four-hour chart shows a rapid pullback after a prior spike, indicating strong selling pressure above. However, it remains in a high-level fluctuation state overall, and the overall bullish trend has not been completely damaged, although the upward momentum has weakened. On the one-hour chart, the price has broken below the middle track and is now operating below it, indicating a weakening short-term trend. The lower track has become a key support level; if it continues to break down, the adjustment range may expand. The DIF has crossed below the DEA to form a death cross, and the MACD histogram has been consistently floating in the red below the 0 axis, indicating that the bearish forces currently dominate the market, and the short-term downward trend is likely to continue, necessitating caution against further price declines. In the early hours, we can focus on low buys.
Bitcoin: Buy around 116100-6300, target 118000
Ethereum: Buy around 4200, target 4280