The market is like this; opportunities are fleeting, and any strategy has a time limit. Those who wait continue to wait, while the brave have already reaped the rewards, with 120000 controlling 121000 at the moment. The current low is 118000. 118300 has completed its run. Keep up, and it will take off.
Although there was a pullback yesterday, the daily line closed with a pin bar. However, after the market opened today, there wasn't a strong continuation, and a further stretch may still occur. Observing the hourly chart, the bearish volume bars are gradually decreasing, indicating that short-term selling pressure is being digested. Meanwhile, the market has pulled back near the moving average and is oscillating around it, consistent with prior market behavior. It hasn't just retraced but has merely approached the previous resistance trend line and found support. As long as it effectively stabilizes around 119800 today, the oscillation will end. Additionally, there will be CPI data released in the evening that is worth paying attention to. For now, one can continue to make adjustments mainly in the 118500-118300 range, with 117400 being a phased adjustment. Looking upwards, the target is 119500-119800, and at 121000 for #CPI数据来袭 #以太坊生态回暖 .