To survive for a long time in the cryptocurrency space, the same old saying applies: one must have respect and caution. When entering a position, strict risk management is essential; otherwise, one will only end up with zero returns on their trades. Additionally, do not trade too frequently and never let emotions take control, as this will only increase the likelihood of making mistakes. Do not expect to capitalize on every market fluctuation. The morning strategy has also been validated, with the entry point perfectly reached and the exit point being quite close as well, so those who followed along have made profits.

The Bitcoin daily chart closed with a large bearish candle, and after reaching the support below, it started to rebound as expected. The four-hour time frame shows this more clearly, as the Bollinger Bands are running smoothly, and the lower K-line has significant lower shadows, indicating signs of a bottoming rebound. This kind of spike in a bull market is indeed common, so everyone should be more cautious when trading now. During the day, continue to treat it as a pullback to go long. Always remember to manage your risks well.

Bitcoin over 118,500, focus on 120,000.

Ethereum over 4,620, focus on 4,700.