After experiencing the ups and downs of the market, everyone has come to understand the importance of stop-loss orders. Making money is a habit, and losing money is also a habit. Experience is valuable, but principles are priceless. What we need to do is to eliminate bad trading habits. After completing each trade, do you write down your trading records and the psychological changes during the trade? Then identify your shortcomings and correct them one by one. Gradually, you will begin to understand the true meaning of trading. The morning market fell and stopped at 112,500, then began to slowly recover. The current high has recovered to 113,600. The short-selling strategy proposed earlier this morning also successfully took profit at 112,500. Ethereum's morning orange trend still has more than 72 points of room for growth. The overall orange trend is quite good, and the strategies proposed publicly have basically all been implemented. Just continue to follow the trend in the new day.
From a technical perspective, the short-term market has officially entered a correction phase. This is primarily due to the large volume created by the weekly breakout, which did not trigger a correction after the momentum was released. Therefore, a period of correction is normal. The daily chart has turned negative for the first time since the consecutive upward trend. The pattern still signals a pause, not a reversal. The bullish trend remains bullish, but it may enter a period of volatility for a few days. There has been no significant rebound in the short-term pullback, which clearly indicates that support has not yet been confirmed. There is still room for further decline on Wednesday. During this period of bullish correction and volatility, both long and short positions are welcome, but it is best to follow the trend and buy on pullbacks. Plan to buy on pullbacks on Wednesday, and then decide based on the strength of the midday market.
Wednesday's midday market is bullish, with a pullback to 113,000-112,800, with a target around 115,000. For Ether, focus on the 4120-4100 range, with a target around 4250. $BTC