Market fluctuations, like the ups and downs in life, are the norm rather than the exception. When prices drop, do not be swayed by fear; it may be a precious opportunity granted to you by fate. As the saying goes: 'Be greedy when others are fearful, and be fearful when others are greedy.' Every valley is meant to gather strength for the next peak. And when prices rise, do not let greed blind your eyes; maintain a clear mind and plan your gains reasonably. Didn't Bitcoin's midnight pullback just break through the 11 mark in rhythm? I have already warned everyone — this trend, the 11 mark is bound to break! Brothers who are keeping up know very well; is this prediction stable enough? The real trading here is quite rewarding, as Ethereum's recent pullback momentum is very strong, with the overall market continuously probing downwards. The midnight market once again gave us about 260 points of space; did everyone seize this opportunity? Those who were still watching and doubting back then must be regretting now, looking at this wave of profit! In trends, if you believe, you eat meat; if you hesitate, you can only slap your thigh!
U.S. stock market close: All three major indexes fell, with cryptocurrency concept stocks leading the decline. Currently, Bitcoin's price briefly reached around 109,000, and Ethereum around 4,330. From a daily perspective, the market sentiment is neutral, but the MACD death cross has formed, indicating that prices will still adjust in the short term. If it cannot effectively stabilize above 112,300 at the 4-hour level, the adjustment will continue, and you can continue to look bearish!
Operation suggestions
Bitcoin: Short near 110,300 Target: 109,000
Ethereum: Short near 4,400 Target: 4,200
