Contract trading in the cryptocurrency market is a practice that confronts human nature. The market does not target anyone, but uncontrolled emotions can make you your own enemy—greed turns profits into losses, and fear turns opportunities into regrets. Remember, heavy speculation is a gambler's behavior; true winners rely on strict risk management, as stopping loss is not admitting defeat, but a way to survive long enough. The market is never short of opportunities; it lacks the patience to wait for the right moment. Those who trade 20 times a day often earn less than those who trade once every three days. Floating profits are just numbers; taking profits is real money. The one who knows how to buy is a disciple, but the one who knows how to sell is a master. This morning, Bitcoin first experienced a strong bullish surge that pushed the price from the 93,000 level up to around 94,400. The long position we set up in the morning was also timely closed, yielding over a thousand points. Ethereum entered the market simultaneously, securing a 23-point gain. Subsequently, the price went through a rapid sell-off, touching a low of 92,788 before consolidating above 93,000. The current price is around 93,400.
From a technical perspective, this round of upward movement confirmed the effective conversion of the 93,000 USD level from a resistance to a support level. The fact that the recent low did not break the previous low indicates strong buying support in the market. The 4-hour moving average system still shows a bullish arrangement. Coupled with the performance of trading volume, the healthy trend of high volume during price surges and low volume during pullbacks suggests that we are still within the technical correction range. It is worth noting that the price has formed a dense trading area between 93,000 and 93,500. Stabilization at this position will build momentum for a second upward attack on the 94,000-94,400 resistance area. If the European trading session can effectively break through 94,000 USD with accompanying volume, it may initiate a new round of offensive testing the psychological barrier of 95,000 USD.
Bitcoin Strategy: Buy near 93,000, target 94,500
Ethereum Strategy: Buy near 1,760, target 1,830
