Market Review:

Yesterday, the highest for the first was: 108135, the lowest 105808, with a fluctuation of 2327 points. The second highest yesterday was: 2468, the lowest: 2389, with a fluctuation of 79 points. Yesterday was Wednesday.

BTC did not adjust yesterday, the hourly line crawled up step by step. ETH's movement is milder, fluctuating back and forth but with weak volume. The previous补涨 did not occur, and today only slightly补涨. The large resistance near 2480 during the day is not considered strong. In the past two days, we need to keep an eye on the补涨 situation of ETH; the补涨 momentum is expected not to be strong. This time is different from the previous BTC rebound after a drop; ETH may drag down with altcoins. When BTC rebounded quickly in the past two days, altcoins rose 20 points from the bottom and then stagnated. If BTC adjusts, ETH and altcoins are likely to drop painfully again. The current market is indeed difficult to operate; in trading, it is most taboo to be hot-headed, chasing highs and cutting losses. To stand firm in the market, one must overcome this mindset of going with the flow. We will see in the next two days whether ETH will stagnate; wait for BTC to oscillate and adjust fully.


Today's Thursday highlights:

BTC

BTC is slowly rising to around 108,000 in the four-hour level, and the volume after the quick rebound from the low has been gradually digested. This slow rising trend is often a precursor to consolidation and oscillation — a sharp drop is unlikely in the short term, but after oscillation, it is easy to release a downside signal. It should be noted that this quick rebound from the low has not continued with a sharp rise but instead shows a slow rising pace, indicating that further adjustments are more likely to unfold in an oscillating manner. From a technical perspective, both intraday and daily levels need to refocus on the key range of 103,000-105,000: if this range is lost, the market may not stop at the previous low of 98,000, and the downside space may further open up. Next, we need to observe whether a downward channel can be formed during the oscillation process and the degree of release of downward momentum to avoid blindly chasing highs in a slow rising market.

ETH

The resistance level range of 2480-2520 given by ETH market yesterday and the day before, yesterday 2480 did not rise, there will be a补涨, pay attention to whether the 2520 level will stabilize during the day. If it cannot stabilize during the day, it will lead to stagnation and adjustment. The situation of BTC and ETH is different, so the trend of ETH will have spikes; as long as it touches the high point, the speed of decline will accelerate. If it does not stabilize at 2520 on the daily chart, the problem is not very big. Pay attention to the spike to the 2560 range if it stabilizes slightly at 2520 during the day. The support points at the intraday level need to focus on the first-line position of the 2380-2450 range. Yesterday it touched this position and did not break down, oscillating. Today and tomorrow, focus on this support defense position. If it breaks down, we can smoothly see the 2200-2300 range.

Altcoin

The most important thing to cultivate in trading is mentality — don't let K-line ups and downs dictate your emotions. When the market is soaring, don't rush to chase high; it may be a trap set by the main force. When the market is plummeting, don't panic and cut losses; panic selling often sells at the floor price. True traders know to stay vigilant amidst the revelry, to seek opportunities in despair, and engrave "when others are greedy, I am fearful; when others are fearful, I am greedy" into their trading bones.