老牛说趋势

Reject the hindsight; in this brutal cryptocurrency world, are you a loser or a successful person? If you want to dig deep into the crypto world but can't find direction? Want to quickly get started and master the information gap? Click on the profile picture and follow me! Real-time sharing of first-hand information and in-depth analysis, precise hints for buying and selling points, grasp the dynamics of the crypto world at the first moment!

The market always swings between fear and greed, but the wise only follow the trend.
Key Point Analysis of the Market
Today's BTC movement is like a high-wire act; a slight misstep could lead to 'waterfall or rocket'. From the 1-hour candlestick view, prices are repeatedly testing around 114610 (Fibonacci 38.2%), with strong resistance at 116247 (61.8%) above, and 113685 (psychological level) as the last line of defense below.
Bullish Territory (114610-116247): If it can stabilize above 114610, it indicates a warming market sentiment, and short-term funds may continue to push higher, targeting 116247, or even challenging 117423 (previous high).

Friend, if you desire to achieve considerable returns (like 100,000) in the crypto space with limited capital (like 3,000), please listen to my heartfelt advice. This path is filled with opportunities and risks, and blindly following trends can easily turn you into “fuel.” Understanding the battlefield (spot contracts, etc.) and matching your own risk preferences is the foundation for standing firm.

The essentials of practical experience through bull and bear markets:
Deep drop opportunity: When assets continue to fall sharply (like 7-9 days) and the market is in extreme panic, combined with fundamentals and volume, you may consider gradually positioning. Panic often reveals glimmers of hope.
Euphoria and clarity: After a short-term surge (2-3 days), risks accumulate. Actively realize some profits. In the crypto space, 'selling' is more important than 'holding on.'

"In a bull market, there are many sharp drops, while in a bear market, there are many gradual declines." ETH's recent drop from 3878.09 to 3353.51 perfectly illustrates the saying, 'The sharper the rise, the harder the fall.' Now the price is lingering around 3350; is it forming a bottom for a rebound or a continuation of the decline? Let’s analyze!
Market review: What has ETH experienced from 3878.09 to 3353.51?
Waterfall decline: ETH has plummeted from 3878.09 (100% Fibonacci level), breaking through two major support levels at 3765.76 (78.5%) and 3677.64 (61.8%), eventually crashing to 3353.51 (0% Fibonacci level).