Although market fluctuations can bring fear and anxiety, they also provide us with countless opportunities for a comeback. Do not be swayed by short-term ups and downs; those who truly succeed in the crypto space are often those who can remain calm and adhere to their investment philosophy. They understand how to accumulate quietly when no one is watching and exit rationally when the crowd is noisy. The weekend's market has concluded, and the new week brings a new starting point. Looking back at the market trends from the weekend to early morning, Bitcoin's price surged strongly over the weekend, approaching the 120,000 mark. The price of Bitcoin briefly touched around 119,000 last night, facing slight pressure but showing no signs of a pullback, still maintaining a high position. Ethereum's price, after a previous upward trend, slowed down after breaking through the 4,300 level and encountered some resistance, slightly retracing to around 4,160 before rebounding again. Currently, the price is running above 4,200. The low buy strategy we suggested earlier has proven successful.
According to the current market situation, the daily chart shows a stepwise upward trend breaking through the middle Bollinger Band. Although there has been some pullback from the bears, the force has been relatively weak. The MACD indicator's fast and slow lines are turning upwards and gradually converging, likely forming a golden cross pattern, indicating that the overall trend is gradually returning to the bulls' control. The four-hour chart shows a trend of stepwise upward movement breaking through the upper Bollinger Band. The Bollinger Band is opening upwards, and all indicators suggest that the bulls are dominant at this level. However, in the KDJ indicator, both the K and J values have entered the overbought zone, indicating a risk of a pullback in the short term. Combined with the overall market trend, each upward move by the bulls is often accompanied by a slight pullback, but the strength of each pullback has not shown significant continuation. Therefore, in terms of operations, we will adopt a low buy strategy after a pullback.
Operational Suggestions:
Bitcoin: Buy around 118,200, target 119,500
Ethereum: Buy around 4,190, target 4,300
