📈 Bitcoin gains momentum, low buying opportunities arise! Key levels and trading strategies
A pullback is not a punishment, but a second chance given by the market; sideways movement is not the end, but a buildup of energy by both bulls and bears for the next wave of price action. When you learn to capture patterns in the fluctuations of candlesticks, trading is no longer a game of numbers, but an art of understanding the market's language. True winners are not blind gamblers chasing ups and downs, but wise individuals who maintain their own rhythm amidst the volatility.
Current market analysis
1. Bitcoin (BTC) daily:
- Bullish trend continues, two consecutive bullish candles, but short-term is consolidating below the middle band, overall upward momentum is sufficient, new highs are anticipated.
- Key support: 121,200 - 121,500
- Target: 123,000
2. Four-hour chart:
- Bollinger Bands widening, price continuously operating above the upper band, fierce competition between bulls and bears, but support below is solid, with limited pullback strength.
3. Ethereum (ETH):
- Short-term support: 4,250 - 4,270
- Target: 4,350
Trading suggestions
- Bitcoin (BTC): Buy low around 121,200 - 121,500, stop loss at 120,800, target at 123,000.
- Ethereum (ETH): Buy low around 4,250 - 4,270, stop loss at 4,220, target at 4,350.
Reminder: Trend not broken, patiently wait for stabilization signals, strictly enforce stop losses, and avoid emotional trading.
