After a few days of external communication and learning, I will also provide regular updates in the future. The communication over these days has greatly benefited me and my team, and I believe that both new and old friends who collaborate with me in the future will feel the same. Today, I would like to review the recent market situation. After the recent continuous rise, the market reached the previous high point of 88750. In the past two days, the market has once again retraced to the lower level of 81600, where it found support and rebounded. This indicates that there is still short-term support at the lower levels, and downward resistance still exists. In the short term, I remain optimistic about further rebounds. In the cryptocurrency space, I actually hope that everyone can develop their own ideas and judgments instead of mindlessly following market trends, looking for entry points every day. Many inexperienced investors are unwilling to read articles in full; they just want to know where to buy, whether it’s a good time to buy, and how high it can go... They are completely unwilling to think, let alone develop their own understanding and judgment. Analysis and strategy need to be adjusted; if you don’t have your own viewpoint and just follow the crowd, what’s the point? Following the right trades can only earn temporary profits, but following the right people can lead to lifelong gains!
From the current market perspective, the price is under pressure and retracing but has not continued to decline to form a rebound. It is currently operating in the mid to upper range. The bullish volume is decreasing, maintaining price consolidation, and the operating channel has formed a flat state. The moving averages are showing a cross pattern, and in the short term, there is still some oscillation correction, maintaining a bullish retracement momentum. In the four-hour chart, the operating channel has formed a downward pressure state. The price is recovering and pushing higher but has not caused a significant downward trend. The volume is maintaining a bullish form, and the moving averages are gradually rising. The recovery in the short cycle is stabilizing, and the box consolidation in the short term highlights the weakness of the bears, with limited space to release. In the upcoming strategy, we can proceed with low buys.
Bitcoin: 83000-82500 Buy Target: 85000
Ethereum: 1820-1800 Buy Target: 1950
