Hello everyone, I am Dashan. I focus solely on the trend of mainstream coins, with daily cycle analysis. When someone is laughing in the crypto world, someone else is crying; I hope everyone is in the former group! For my fans, I also wish that everyone can achieve their goals in the crypto space!
At this stage, Bitcoin is likely to show a bullish tendency regardless of the indicators you apply, whether on the daily, four-hour, or short-term charts. Therefore, it is advisable for those with floating profits to hold on patiently; don't expect the market to rise continuously without any pullbacks. It's normal for Bitcoin to experience fluctuations, and even if there are pullbacks, there's no need to worry too much as this is a very normal and healthy adjustment. On the daily chart, after a large bullish candle, there is a small doji, indicating that the bulls are taking a brief rest. Many retail investors start to guess the top, especially when looking at smaller timeframes—they may think the price can’t rise any further and start to reverse their positions. I advise you not to interpret the market this way; even if you're trading on the left side, the top is not here. I keep telling you that in a bullish market, the adjustments are likely to break upward. So, at this stage, it’s still about holding onto your floating profits patiently, and I think the target can be to see the previous high first! This week is already hopeless, and the weekend has basically been sideways. Of course, it would be best if we could see a direct breakout over the weekend, and after testing the previous high, then we can consider reversing. This is basically how the market is developing; I have reminded you of everything that needs to be reminded. If you don’t understand, feel free to check out my articles.
Looking at Ethereum, it has risen nearly 40% in the past two days, and yesterday's bullish candle was very critical. It had a relatively long upper shadow and was about the same size as the body. The current direction is somewhat random; if today closes bullish, we’ll look at yesterday's high, but if it closes bearish, it’s hard to say about the size. Right now, it's also at a position of resistance against an upward trend line, and it’s clear that yesterday’s bullish momentum is weakening. Therefore, a bullish trend for Ethereum in the future would be for it to consolidate in this range before continuing to rise step by step.
Playing around in the crypto world is essentially a contest between retail investors and whales. If you don’t have insider news or first-hand information, you can only be cut!
Articles are time-sensitive, and the market changes in real-time; the above suggestions are for reference only!
Investment carries risks; proceed with caution when entering the market.
