The market has passed the halfway mark today, and after being pressured down in the early hours, the price began to enter a phase of contraction and fluctuation. Continuous candlestick patterns closed, followed by a breakout below the support level, and after hitting the bottom, a slight rebound began. It then formed an arched shape and started to correct, indicating a trend of accumulating strength for a rebound. We still maintain a bullish outlook; the large positions we arranged during the day are also actively participating. Whenever the price gives a certain pullback, it presents an opportunity for us to buy. Do not blindly follow the market; stick to Brother Nan's strategy to avoid confusion, aiming for efficiency in a short time to achieve the desired outcome.
From the daily chart of the large position, the price has been descending from the upper Bollinger band towards the lower band, with sufficient downward momentum, continuously approaching the previous low support level. From the four-hour view, the price is repeatedly piercing downwards, having broken below the support level, and has fallen to around 102614. From a broader perspective, the trend for the price to rebound is clearer for the future. From the one-hour chart, after continuously hitting new lows, the price started to consolidate. Currently, after a slight upward movement, it is fluctuating around 103500. We are currently focusing on the 103000 level. If the price stabilizes successfully, it is highly likely to welcome a rebound.
Large Position: Looking towards 106000 around 104500-104000; Ethereum around 2480-2450 aiming for 2600, contact $BTC .