Market Review:
Yesterday, the highest for Leader was: 108272, the lowest was 106562, with a fluctuation of 1710 points. The second leader's highest was 2520, the lowest was 2394, with a fluctuation of 126 points. Yesterday was Thursday.
BTC's daily line closed with a small red candle with a small spike yesterday, showing that the upward momentum is clearly weakening. The pullback early in the morning was not large. According to the current trend, it is a short-term oscillating market — it will neither break down immediately nor drop back to the original point in one go; it is likely to oscillate slightly near the current position.
ETH saw a slight rebound yesterday, but it didn't even break through the resistance level of 2520, dropping back over a hundred dollars after reaching that point, and fell to around 2380 in the early morning. This rebound was mainly driven by Bitcoin, and other coins did not keep up with the rhythm; ETH also did not see an increase in volume. If Bitcoin breaks down next, the market may have to endure another round of bloodshed.
Today's Friday Highlights:
BTC
BTC's market is currently in an oscillating trend. According to the current K-line, we can focus on the pullback strength of the last few days. Although it won't drop significantly at once, it will also oscillate downward. The intraday support level can be focused on the support defense line around the 103500-104500 range. According to the current four-hour level, 108000 is the resistance position for the high point. Therefore, if it slowly oscillates and breaks below the 103500 line, it will quickly fall below the hundred thousand mark again. Next time, it will completely break through, unlike last time's small spike.
ETH
ETH's market performance has been slightly weak. Yesterday it reached the resistance level of 2520 and began to retreat. However, the decline has been slow and steady, without any large hourly red candles. The market is gradually digesting. According to the current trend, the intraday resistance can now focus on the range of 2460-2480, which will similarly follow Bitcoin's path of oscillating downward. Currently, the support level below can be focused on the 2380 line. The support position emphasized yesterday has also reached this area today. We need to see if it can break below today. If it does break, we can smoothly see the range of 2200-2300.
Shanzhai
The most important thing to cultivate in trading is mindset — don't let K-line fluctuations dictate your emotions. When the uptrend is fierce, don't rush to chase the highs; that could be a trap set by the main forces. When the downtrend is severe, don't panic and sell at a loss; panic selling often results in selling at the bottom price. True traders know to remain vigilant in a frenzy and seek opportunities in despair, engraving 'when others are greedy, I am fearful; when others are fearful, I am greedy' into their trading essence.