When the violent crash of #BTC再创新高 $ETH hits, don't panic like an ant on a hot pan. Remember, after darkness comes dawn. The rise and fall of the cryptocurrency market is like the change of seasons, where there are valleys, there will certainly be peaks. Look at those real big shots; which one of them is not calmly increasing their positions during a crash and ultimately ends up smiling in the end?
In the morning market, Bitcoin's price initially saw a strong bullish push, breaking through its historical high and reaching around 124500. Subsequently, the bullish momentum weakened, and the bears gradually took control, causing the price to start declining to around 121300 for consolidation, currently stabilizing at around 121600. On the Ethereum side, the price fell to a low of 4710 in the morning, then began to oscillate upwards, creating a new high of 4794 before retreating slightly, currently stabilizing around 4740. From midnight to the morning, Teacher Dabao here guided students in real transactions to set up long positions in Bitcoin three times, gaining 3500 points of space, while Ethereum long positions gained 120 points of space.
From the four-hour perspective, most of the recent K-lines are bullish, and there has been a continuous upward trend, indicating that the bulls are gaining dominance. However, the latest K-line is bearish, suggesting that there is certain short-term adjustment pressure in the market, but the overall upward trend has not been broken. From the hourly perspective, the price has retreated from the upper track and is currently below the middle track, indicating a weakening of short-term bullish strength, with the possibility of testing support at the lower track. The DIF line has crossed below the DEA line, and the MACD bars are negative and continue to extend, indicating a short-term market transition from bullish to bearish, with bearish strength dominating and the price likely continuing its adjustment trend. In the afternoon, we could focus on low long positions.
Bitcoin: Set up long positions around 121000, targeting 122500.
Ethereum: Set up long positions around 4710, targeting 4780.