Devilbear柒仔

From the daily perspective, Bitcoin and Ethereum are currently in a rebound after the second wave adjustment in this round of rising market. There are two scenarios for Ethereum's rise: one is a direct rebound without looking back after a simple correction, similar to how Ethereum surged to 4000 at the end of last year without looking back. This is the nature of this coin, where it can pull up hundreds of points, mainly due to the massive bullish candle on the monthly chart, which creates such imagination. The other scenario is that the daily chart undergoes consolidation, building up better momentum before exploding upwards. It can be seen that buying Ethereum on dips is the most advantageous! The situation with Bitcoin is more intuitive and the chart is simpler. Technically, it is in the third wave, which means there is still one more upward surge. Will this surge go straight up? I don't think so, as it has already increased five to six times from around 25000. Some profit-taking may lead to participation in Ethereum, especially since the main institutions supporting Ethereum have lifted the sentiment. Therefore, in the future, Bitcoin may not move too smoothly, and the possibility of oscillating upwards will be greater. The conclusion is the same: buying on dips is more beneficial. This is the current view; regardless of which pattern it follows, as long as one waits to buy at low points on the 15-minute or 1-hour levels, it can lead to stable profits! #以太坊ETF连续12周净流入

This market is very likely to drop without looking back, trapping all the bulls until the entire network liquidates billions. This has already happened, and it is also possible that it will rise without looking back, leaving those waiting to buy the dip empty-handed. This kind of structure in a large trend market is generally called a simple pullback #加密市场回调

From the depth chart of the Bitcoin contract order book in Figure 1, the current largest buy orders are concentrated in the 114600 area. This means that when the Bitcoin price reaches this position, there will be a large influx of buy orders forming a strong rebound. However, when it will reach this point still needs to be analyzed specifically during trading! In the past two days, the lowest price hit around 116000, mainly due to short-term profit-takers closing their positions, combined with market panic from the selling pressure of ancient whales. The price rebounded to around 120000 last night but faced resistance. Additionally, from the 4-hour candlestick chart, the rebound has not been smooth, with trading volume in the US session being lower than in the Asian and European sessions, and most of it being distribution behavior. Overall, Bitcoin is showing a high-level oscillation pattern in the 116000—120000 range, but as long as it does not actually break below 116000, it is not considered a top formation! The oscillation continues to open up the possibility of further price increases! #ETH突破3000 #山寨季何时到来？

In Figure 2, looking at the depth of the Ethereum contract orders, there are many sell orders in the 3350—3400 range, but the buy orders from 3100 to 3350 are showing an inverted triangle trend. It is well known that there are too many trapped positions in Ethereum, and some buyers may not be willing to hold on any longer, but another group of believers are still willing to persist in buying. It is also possible that the funds flowing out of Bitcoin are supporting the price increase. According to the capital rotation pattern in the cryptocurrency bull market, Ethereum usually lags behind Bitcoin in catching up. Let's hope this time it’s not too early to pop the champagne 🍾, and Ethereum can welcome a decent price increase after digesting the sell orders!!!