Today's trend is somewhat similar to yesterday's market, with a morning surge followed by a slow decline during the day. According to this rhythm, it is very likely that we will test the bottom line of 106000 in the evening. If we trade long in this rhythm, it can definitely be done, but we just need to wait for the support to be confirmed after a pullback before going long. Blindly going long is definitely not reasonable. Currently, the morning has suggested holding the orange long position, which is still being held. This market can only be held while observing. If your current operations are not ideal, it might be worth changing your position. Major trends and markets can be understood by everyone, but whether one can trade correctly is an entirely different matter, a result of human nature. After reaching a certain level, technique is merely a tool, while the cultivation of one's character is the true direction. Comprehension and personal development are far more important than technique itself. When you feel lost in the market, as long as you are willing, you can find Lao Chen to help you avoid drifting further away on your investment journey.
From the current technical structure, there hasn't been much change. The price is still running around the upper range of the daily pattern. After confirming resistance at the upper track, it has declined to the middle track support. The slow decline during the day has begun, and after a slight rebound in the early morning, a small double-bottom structure has formed. Don’t short just because of one pullback; the strength in the evening is still key. A small structure has already formed a support platform at the line of 106500. Next, we can look for bullish opportunities above this position. In the short cycle, after a pullback, it will slowly recover again. The magnitude and strength of the recovery are still quite reasonable. First, pull back and go long, and after breaking the high, take profits in time to adjust.
Bitcoin: 106500-106300 Long Target focus 108500
Ethereum: 2440-2420 Long Target focus 2550$BTC #Solana质押型ETF