Life is full of ups and downs. When you feel lost or frustrated, remember that this is not the end. Even in the lowest point, you still have the strength to bounce back. Face difficulties with your resilience and wisdom, and you will become stronger. The midnight price comparison did not have significant breakthroughs; following yesterday's decline, the market continues to rebound and correct. It has shown a wide fluctuation pattern, recovering from the low of 112300, with a peak recovery during the day up to the 114777 level. Subsequently, the market has remained in a narrow fluctuation state. The current trend is as we previously mentioned; the ongoing correction indeed shows some signs of hesitation. Currently, the price is still hovering above the short-term support level we previously discussed, indicating that the support position below is still relatively strong in the short term. Please be patient and manage your loss points wisely.
From the current market perspective, after the price drop to 112300, it did not continue to decline but instead entered a phase of fluctuation and correction, indicating that the current support below is gradually being established, and upward space has opened up. At this point, we cannot blindly layout trades. This signal is also in line with the current market correction pattern. From the current structure, there doesn't appear to be much space below. The coin price is adjusting within the 114000 area, and the current range is relatively compressed; the short-cycle moving averages are essentially flat, leaning towards a continued slightly fluctuating trend in the short term. In the smaller time frame, the continuous technical patterns of fluctuation and repair are gradually adjusting, and there is still a probability of rebound space in the short-term market; the tug-of-war between bulls and bears will not lead to a unilateral market. Therefore, we will maintain the strategy of buying on dips for further arrangements.
Bitcoin can be bought in the range of 114000-113500, targeting around 115500. Ethereum can be bought in the range of 4280-4260, targeting around 4400. $BTC