When the market plummets like $BTC , don't panic like an ant on a hot stove. Remember, after the darkness comes the dawn. The fluctuations in the cryptocurrency market are like the cycles of the seasons; where there are valleys, there will definitely be peaks. Look at those true big players; which of them isn't calmly increasing their positions during a decline, ultimately laughing last?
In the morning market, Bitcoin's price initially surged strongly, breaking through its historical high and reaching around 124500. Subsequently, the bullish momentum weakened, and the bears gradually took over, causing the price to decline to around 121300 for consolidation, currently stabilizing at around 121600. As for Ethereum, the price dipped to a low of 4710 in the morning, then began to oscillate upwards, reaching a new high of 4794 before retreating somewhat, and is currently stabilizing around 4740. From midnight to morning, Teacher Da Bao guided students to set up multiple long positions on Bitcoin three times, capturing a space of 3500 points, while Ethereum long positions captured a space of 120 points.
From a four-hour perspective, most of the recent candles are bullish, indicating a continuous upward trend, showing that the bulls are gaining dominance. However, the latest candle is bearish, suggesting that there is some short-term pullback pressure in the market, but the overall upward trend has not been broken. From an hourly perspective, the price has pulled back from the upper track and is currently below the middle track, indicating weakened bullish momentum and the possibility of testing support at the lower track. The DIF line has crossed below the DEA line, and the MACD histogram is negative and continuing to extend, indicating a short-term market shift from bullish to bearish, with bearish forces dominating, and the price is likely to continue its adjustment trend. In the afternoon, we can focus on low long positions.
Bitcoin: Set up long positions near 121000, targeting 122500.
Ethereum: Set up long positions near 4710, targeting 4780.
