Every market fluctuation is a choice that fate gives you. Don't let fear and greed control you; they are the stumbling blocks on your path. When the market crashes, that is fate giving you a low-price entry ticket; when the market surges, don't let greed blind you; taking profit at the right time is how you preserve wealth. Yesterday's market conditions can be described as extremely complex. The major cryptocurrency continued the downward trend from the day before until it began an upward trajectory in the morning, entering the simplest and most ordinary phase of range-bound fluctuations, which continued into the early hours of the next day. The performance of Ethereum before the evening was consistent with that of the major cryptocurrency, but subsequently, a downward trend appeared in the evening and continued into the early hours of the next day.
From the current market perspective, after the price tested the bottom support level in the early hours, it rebounded. On the hourly chart, it is close to the middle Bollinger band. In the short term, we need to pay attention to the resistance level of the hourly Bollinger middle band; if we break through effectively, we will continue to look upwards; if not, we will wait for a pullback to set up long positions. From the 4-hour chart, the short-term trend is predominantly bullish, so it's time for the winning bulls to shine again, but to be cautious, we still need to be wary of the risk of a pullback.
Operation Suggestions
Major cryptocurrency: Buy around 111700 Target: 114000
Second cryptocurrency: Buy around 4460 Target: 4600
