The road in the cryptocurrency world may be full of thorns, but that is precisely where its charm lies. When you feel lost in the waves of the market, remember to calm your mind, think independently, and not be swayed by the words of others. Because here, only those with firm beliefs and clear insights can find the right direction amidst the changing tides. Over the weekend, Bitcoin's market continued to show a downward trend, with the price sliding from a high point of 117,419 in the early morning to a low of 114,641 by evening. Ethereum's intraday market, after peaking at 4,887 in the morning, faced pressure and gradually retreated, stopping at a low of 4,664 around noon before rebounding. In the afternoon to evening, Ethereum's market began to fluctuate around the range of 4,764 to 4,690.
From the perspective of the hourly chart, the three core indicators of Bitcoin, MACD, RSI, and KDJ, are all in a neutral zone, currently not releasing clear directional signals, but overall maintaining a pattern of oscillating upward, with a relatively gentle increase in pace. Meanwhile, the hourly performance of BTC is in sync with the 4-hour chart, where bullish strength is dominant, continuously driving the price upwards. Based on the current market characteristics, the subsequent operational strategy suggests continuing to adhere to a bullish mindset. To further enhance operational safety, a more prudent approach is to wait for the price to stabilize after a pullback before opportunistically entering long positions.
Operational Suggestions
Bitcoin: Buy around 114,500 Target: 116,800
Ethereum: Buy around 4,700 Target: 4,820
