The comparison rebounded as expected in the early morning, followed by a pressure drop. This wave of pullback in the bearish downward rhythm is still well grasped by the knowledgeable. For Bitcoin, there has never been a need for excessive proof in controlling this market rhythm. In the early hours, the comparison peaked at around 105288, which is our entry range of 1048-1056 for shorts, and was quickly under pressure. We entered the market in line with the trend, shorting Bitcoin at 105106 and exiting at 104215, yielding considerable gains. Such a clear rhythm and logical trend should prompt you to rethink your trading approach if you still frequently miss opportunities. Market movements are easy to obtain, but understanding is hard to seek. Knowledge remains ever-present; perhaps your one change is the starting point of a turning point.
Currently, the trend shows that Bitcoin and Ethereum resonate again to form a similar pattern. After consecutive bearish daily candles, a deep V-shaped rebound pattern emerged in the early morning, with the daily K-line showing a long lower shadow. Bulls began to break the rhythm of the bears, and signs of a market bottoming out are evident, entering a stage of wide fluctuation and tug-of-war. The current volatility has clearly expanded, with both bulls and bears having profit space, but it tests the entry levels at the moment. From the 4-hour structure, the consecutive bearish candles have retraced all the gains from last week, and the market has again dropped back to the previous rising area. It is likely that the market will enter a two-day consolidation and fluctuation phase, with the rhythm continuing to revolve around 104000. Our next observation will focus on Friday, watching for the opportunity to restart a new round of upward movement. In the early morning, the comparison touched the lower edge of the range, and is expected to initiate another rebound. We should respond with a long strategy.
Long Bitcoin at 104300-104000, targeting around 105500;
Long Ethereum near 2490, targeting around 2550.