$ETH
Those seemingly 'missed' short-term wealth opportunities often turn out to be traps. The 'unimaginable strength' that truly belongs to you will quietly arrive in a way far beyond your initial imagination, only after you firmly believe in value, clearly understand cycles, remain deaf to noise, and nurture your beliefs over time. Monday's market fluctuations still made a few people happy while most were worried. The Bitcoin price strongly attempted to break historical highs but failed, forming a high and then a pullback after reaching the 121,311 level, and has currently dropped back to a low of 118,032. Ethereum, on the other hand, is continuously approaching its historical high, with significant volatility, stepping back and forth, reaching a peak of 4,365 before retreating, and is currently running around 4,215.
From the current market perspective, the weekly level remains in a high-range wide fluctuation, while the daily level oscillates within a wide range from the lower to the upper track. Currently, it is closer to the upper track, continuously probing higher in the fluctuating market, showing an overall trend of strong oscillation. The downward momentum at the daily level has weakened somewhat; although there are signs of resistance near the upper track, it has not broken below the bottom of the last large bullish candle from the previous day. Therefore, we still define the current movement as a corrective trend within a bullish trend. At the 4-hour level, there is a slow stepwise oscillation upward, gradually consolidating and adjusting. In the short term, it is not a strongly unilateral trend but rather a back-and-forth tug-of-war. For future operations, the strategy remains focused on buying on dips, and if resistance forms after a surge, we will treat it as a short position again.
On Tuesday morning, Bitcoin can be bought around 118,000, with an initial target of 120,000.
Ethereum can be bought between 4,170-4,200, with an initial target of 4,300-4,350.
