$BTC Remember, every low point is the prelude to a buildup, and every fluctuation is a tempering that forges brilliance. Please firmly grasp the helm of faith, let the light of wisdom guide you through the fog, and reach that shore adorned with flourishing flowers. Yesterday at midnight, Bitcoin's market showed a clear pullback trend, with the price retreating from a high of 120799 to a low of 118289. Ethereum's market mirrored Bitcoin's pullback, with the price also declining from a high of 4366 to a low of 4195. Brother Sheng's Bitcoin long position set at midnight initially suffered a small loss of 300 points, then reversed to follow the trend and set a Bitcoin short position, entering around 119618 and exiting around 118456, capturing a space of 1150 points and recovering the loss. Due to Ethereum's strong pullback at midnight, with no significant rebound in sight, Brother Sheng did not arrange for a long position but instead seized the pullback trend to set a short position in Ethereum, entering around 4297 and exiting around 4196, capturing a space of 101 points.
From the current market perspective, the four-hour level shows a five consecutive bearish candle pullback trend close to the middle track of the Bollinger Bands, but it is evident that the middle track of the Bollinger Bands provides some support, preventing the bearish downtrend from breaking through it. The Bollinger Bands also do not show a downward turn, meaning the middle track of the Bollinger Bands acts as the lifeline for the bulls; as long as this level is not broken, the overall bullish trend will not change. From the one-hour level, the market shows a stepped decline towards the lower track of the Bollinger Bands, which has slowed down. The current K-line also has a long lower shadow, indicating that short-term support still exists below. The KDJ indicator's three lines are forming a golden cross at this level, and the RSI indicator's three lines have also started to turn upwards. Therefore, in the morning operation, we will adopt a strategy of buying low after a pullback. #BTC🔥🔥🔥🔥🔥
Bitcoin can be bought around 118000, aiming for 120000.
Ethereum can be bought around 4180, aiming for 4280.