Mindset determines the success or failure of trading. In the face of Thursday's spike market, maintaining a steady mindset and controlling the operation rhythm is crucial. In Thursday's market, Bitcoin and Ethereum showed a unilateral upward trend starting at midnight, with a sudden release of bullish momentum: Bitcoin broke through its new high to around 124,500 in the morning, and Ethereum peaked at around 4,790 in the afternoon, but neither effectively continued. After being blocked, Bitcoin led the pullback, entering a correction, with spikes in volatility appearing in the evening. The risk of a Bitcoin pullback had been warned about before the spike. The team's real trading layout has shown significant results: Bitcoin longs gained 1,605 points at midnight, and Ethereum longs gained 49 points; in the morning, Ethereum longs were operated in phases, with a reduction of half the position in the afternoon gaining 73 points, and closing the position in the afternoon gaining another 68 points; in the evening, responding to the trend, Bitcoin gained 2,682 points, and Ethereum seized the rebound long position gaining 171 points. Similarly, the market and opportunities depend on mindset and strategy.
From a technical perspective, after hitting resistance on the Bitcoin daily line, it pulled back to the middle track of the Bollinger Bands, which has become a key pressure point; the four-hour chart shows four consecutive bearish candles, with the middle and lower tracks of the Bollinger Bands under pressure downward, and MACD showing a peak divergence, with bearish sentiment gradually warming; the hourly line shows consecutive bearish breaks. 117,000 is an important support and turning point; the pullback has not effectively continued, and a bullish recovery is inevitable, with a clear trend recovery. Moving forward, the main strategy will be to buy on dips, with defense focused around 117,000.
Friday midnight operation suggestions:
Buy Bitcoin in the 117,700-117,400 range, with a target of 119,500.
Buy Ethereum in the 4,540-4,510 range, with a target of 4,700.
