$BTC Thursday Early Morning Thoughts
Do not complain about the harshness of the cryptocurrency world; the market will not change because of your emotions. Treat each loss as tuition for growth, and each profit as a gift of experience. Embrace this challenging world with a strong mindset.
On Wednesday morning, after Bitcoin's price surged to 113800, bearish forces began to strengthen, putting pressure on the market to decline. In the morning, the price dipped to the 112500 area, briefly stabilized, and then entered a range-bound consolidation. In the evening, Bitcoin's price fell to the day's lowest point of 112300, then rebounded to 114300, but could not sustain it, currently stabilizing around 114000. Ethereum's movement was highly synchronized with Bitcoin, hitting a day's low of 4060 and rising above 4300, now stabilizing at 4310. During the day, Teacher Daobao arranged three long and four short positions for Bitcoin, achieving a space of 5000 points, and for Ethereum, two long and two short positions, achieving a space of 400 points.
From the current market situation, the four-hour level shows that the price is between the middle and lower bands. Although there is a slight rebound, it has not broken through the middle band, indicating limited bullish momentum in the short term, with pressure still above. The DIF line remains below the DEA line, but the negative value of the histogram is shrinking, indicating some signs of a bullish counterattack. The one-hour level shows that recent candlesticks are beginning to show certain bullish arrangement signs, indicating a slight improvement in market sentiment, with bulls starting to exert strength. In summary, the early morning thoughts can focus on low longs.
Long Bitcoin near 113500-113000, targeting 115000,
Long Ethereum near 4280, targeting 4350
