In the cryptocurrency space, which is full of opportunities and challenges, every market fluctuation is a test for investors, and each decision may rewrite the fate of wealth. Some say the cryptocurrency world is a paradise for adventurers, while others say it is a brutal battlefield. Nevertheless, it is a place where dreams can become reality. Good morning to everyone on this new day. Looking back at the overall market trend in the early morning, the price of Bitcoin continued to pull back after a downward trend last night, reaching a low of 112301 before rebounding. In the early morning, there were multiple upward movements, reaching a high of 114440. Ethereum also saw a low pullback to around 4104 last night before rebounding, and in the early morning, it recovered to around 4371, where it faced pressure.
From the current pattern, the market is still in a period of oscillation and adjustment. The current pullback is more of a technical correction rather than a trend decline. Although market momentum has not significantly strengthened yet, the support levels below are gradually becoming apparent. Despite the daily trend having once breached critical support, analysis of the current shape still allows for adjustment. In the hourly trend, prices have oscillated up and down before consolidating, and the operating channel is gradually narrowing, leading to a rebound after a period of consolidation. Bullish momentum has significantly strengthened, with moving averages showing a consistent upward trend, achieving substantial gains in the short term, and signs of recovery are becoming more evident in the future. Regarding operational strategy, today we recommend buying on dips.
Trading suggestions: Bitcoin: Buy around 114000, target 115500 Ethereum: Buy around 4320, target 4450 #比特币 #以太坊ETF
The cryptocurrency world never creates wealth, only allocates wealth, and the core of allocation lies in the level of understanding. Do not be deceived by the fluctuations of candlestick charts; they are merely a manifestation of human greed and fear. The real winners possess an understanding that surpasses the ordinary; they do not chase short-term gains but focus on long-term value, being greedy when others are fearful and fearful when others are greedy. Regarding the reasons for the decline, I primarily believe it is influenced by the downturn in the tech sector of the US stock market, uncertainties in the international macro situation, and profit-taking ahead of the Federal Reserve's Jackson Hole meeting. In particular, the mention of the Nasdaq index dropping by 1.46% reflects profit-taking after Bitcoin's rise and fall, increasing regulatory uncertainties, and multiple pressures from leveraged liquidations.
Overall, the market shows a rebound trend for Bitcoin and Ethereum in the afternoon, but after reaching important resistance levels above, there has not been effective upward continuation, proving that resistance levels above continue to exist, and the rebound momentum is gradually exhausting, with the bearish trend about to welcome a rebound again. From the hourly level, Bitcoin's Bollinger Bands show a closing trend, with the three bands forming parallel lines, indicating that market momentum is gradually consolidating and gaining strength. The market is intertwining with the middle band of the Bollinger Bands, making the subsequent layout of the middle band an important turning point. From the four-hour level, the overall market is still in a bearish trend, with the rebound trend continuously exhausting, and hidden lines constantly appearing above. Furthermore, from the technical indicator analysis, the bearish trend dominates the overall market, with the fast and slow lines continuously extending downward, and the evening layout continues the strategy of shorting after the daytime rebound.
Operation suggestions: Bitcoin: Short near 114000, target 112000 Ethereum: Short near 4230, target 4100
You may feel confused at some point, watching the fluctuations of the candlestick chart, your heartbeat accelerating, doubting your choices. But remember, every market adjustment is an opportunity to reassess and reallocate. Be brave when others are fearful, remain calm when others are greedy, and overcome the weaknesses of human nature to become the winner who laughs last. The morning strategy consistently captures victories with precision, with the Bitcoin strategy capturing over 800 points of space, and the Ethereum synchronized layout capturing over 63 points of space!
On the 4-hour level, after a significant decline, the price has entered a phase of consolidation, but the overall structure remains under pressure, with lower lows continually forming, clearly within a downward channel. The MACD indicator also shows a death cross, highlighting the weakness of the trend. Although short-term stochastic indicators show that the market is approaching the oversold area, which may trigger a technical rebound or sideways consolidation, any rebound's strength and sustainability are questionable. The key point is that the daily RSI has not entered the extreme oversold zone, which means that from a momentum perspective, the bears have not yet exhausted their strength, and there is still significant downward space in the market. Therefore, the operating strategy should avoid blindly bottom-fishing, and any rebound should be seen as an opportunity to short at a high or adjust positions.
Operation Suggestions: Bitcoin: Short near 114000, target 112000 Ethereum: Short near 4190, target 4050
Remember, the path in the cryptocurrency world may be full of thorns, but as long as you have firm beliefs, continuously learn and improve yourself, and respond to market changes with reason and wisdom, you will definitely be able to reap your own wealth in this field. Do not be afraid of failure; every setback is a stepping stone to success. Do not rush to achieve results; the accumulation of wealth takes time and patience. In your journey in the cryptocurrency world, may you be the one who laughs last. Yesterday, the market continued its oscillating downward pattern, with Bitcoin touching a high of 116928 in the early session before facing pressure and pulling back, continuing to decline throughout the day, eventually stabilizing briefly around 113383; Ethereum gradually pulled back from its high of 4388, reaching a low of 4157. Although there were multiple attempts at rebounds during the day, the bearish forces firmly dominated the market, and the overall downward trend remained unchanged, with bearish momentum continuing to exert pressure. In the midnight market, Ethereum hit a low of 4100, while Bitcoin dipped to around 112700, further refreshing recent lows.
From a four-hour perspective, the market shows a clear characteristic of bearish candle arrangement, forming a phase of corrective trend. It is noteworthy that after each spike and pullback, the market enters a certain period of adjustment, but this does not change the overall direction of movement, which is still dominated by a bearish trend. In terms of technical indicators, the market has formed a top divergence pattern, which signals that there may be pullback pressure on the current trend. Meanwhile, the golden cross of the fast and slow lines continues to move downward, with the dead cross that appeared during this period further reinforcing the pullback trend, indicating that bearish forces are continuously accumulating and the depth of the trend is also deepening. Overall, the pattern dominated by bearish forces is expected to continue in the short term.
Trading Suggestions: Bitcoin: Short near 113500, target 112000 Ethereum: Short near 4160, target 4000#比特币 #以太坊ETF
The cryptocurrency market is not a gentle place; no one can succeed casually. You may reap substantial rewards at a certain moment due to a precise operation, but never let a brief victory cloud your judgment. Remember, the market changes rapidly; momentary profits are just fleeting illusions. Only through continuous learning and enhancing your understanding can you stand firm amid these tumultuous waves. The day's market on Tuesday is also nearing its end. After a strong rise in Bitcoin's price early in the morning, it reached the 116938 level but was unable to break through the 117000 mark due to pressure. After the surge, there was no continuation, leading to a retracement and a bottoming trend; the afternoon market primarily operated around a consolidation phase. In the evening, bulls attempted to rebound but were still suppressed, leading to an increase in bearish sentiment, and Bitcoin's price fell again. It touched a low of 113700. Ethereum faced pressure after touching 4386 in the morning, with two rounds of downward spikes leading to substantial breakdowns. Currently, the Ether price has fallen below 4200, reaching a low of 4180.
From a technical perspective, Bitcoin has broken down from an ascending wedge pattern on the daily chart and formed a double top pattern in the 123000-125000 range, suggesting a potential further drop to the 110000-112000 area. 115000 has become a key psychological support level; a drop below this level may accelerate the downward momentum. For Ethereum, the 4200 level is crucial—this is a key support level coinciding with the liquidity cluster and EMA support area. If lost, it may drop to the 3950-3800 demand zone. The MACD indicator is still expanding in a bearish market, confirming short-term weakness.
Trading Suggestions: Bitcoin: Target 112800 near 114000 Ethereum: Short target 4100 near 4200 #比特币 #以太坊ETF
Recently, the price of Bitcoin has entered a phase of consolidation after facing resistance at higher levels. The hourly chart clearly presents a step-like ascending core structure. Although it has made multiple attempts to push towards previous highs, it has consistently been constrained by key resistance levels and has not achieved a significant breakthrough. However, during the pullback process, the support levels that the price has retraced to are showing a gradual upward trend, suggesting that the buying strength below is strengthening. The evening market provided clearer signals, with the price briefly dipping to the lower band of the Bollinger Bands before quickly stabilizing and rebounding. This not only verifies the effectiveness of the current support levels but also indicates that the bullish momentum in the market has not been completely exhausted by the previous surge, and there is still room for release. From the perspective of candlestick patterns and volume coordination, the selling pressure corresponding to short-term head characteristics has completed a concentrated release, and the exchange of positions is becoming sufficient. The subsequent market is likely to enter an upward recovery channel, and it is essential to pay close attention to the opportunity for a second breakthrough at the previous high resistance level.
Operation Suggestions: Bitcoin: Buy around 115000, target 117000 Altcoin: Buy around 4240, target 4350#比特币 #以太坊ETF
Recently, the price of Bitcoin has entered a period of consolidation after facing resistance at high levels. The hourly chart clearly shows a core structure of step-like upward movement. Although there have been multiple attempts to break through previous highs, the price has consistently been constrained by key resistance levels, failing to achieve an effective breakout. However, during the pullback, the support levels that the price has retraced to are showing a gradual upward trend, indicating that the underlying buying strength is beginning to strengthen. The evening market provided clearer signals, as the price briefly dipped to the lower band of the Bollinger Bands before quickly stabilizing and rebounding. This not only validates the effectiveness of the current support level, but also indicates that the bullish momentum in the market has not been completely exhausted by previous highs and still has room for release. From the perspective of candlestick patterns and volume coordination, the selling pressure corresponding to the short-term head formation has completed concentrated release, and the exchange of chips is nearing adequacy. The subsequent market is likely to enter an upward correction channel, and it is essential to focus on the opportunity for a second breakout above the previous high resistance level.
Trading Suggestions: Bitcoin: Buy around 114500, target 117000 Altcoin: Buy around 4200, target 4300 #比特币 #以太坊ETF
The road in the cryptocurrency world is full of ups and downs, but as long as you keep learning, improve your understanding, and manage your emotions well, you will definitely achieve success in this field that belongs to you. Don't be afraid of failure; each setback is a stepping stone for growth. Move forward boldly; your persistence will ultimately be rewarded. Yesterday, Bitcoin experienced a decline of 3,000 points before stopping and rebounding, with the price gradually dropping from around 118,000, reaching a low of 114,600 before rebounding for correction, currently returning to around 116,800, aligning with the overall trend recently. It is evident that signs of bullish exhaustion are apparent; a small spike during lunchtime resulted in over a hundred points, enough to prove an effective support. Let the lower level of 4,200 become a watershed moment. From the four-hour price perspective, the current market is in a pullback below the midline but has not shown a significant downward trend; on the contrary, there are signs of stabilization, and the Bollinger Bands are narrowing, indicating that volatility will accumulate here to establish a trend rhythm. Currently, there are frequent transitions between small bearish and bullish candles, indicating a certain rebound trend. From the hourly level, the midline has been broken, and a rebound is inevitable. Operational suggestions: Bitcoin: Buy near 116,000, target 119,000
Federal Reserve Chairman Powell's speech will directly impact the short-term trends in the cryptocurrency market. If dovish signals are released (such as hinting at interest rate cuts or slowing down balance sheet reduction), it could drive up cryptocurrencies like BTC and ETH by 5% to 10%, along with altcoins following suit. If the statement is neutral, the market may experience significant fluctuations before returning to technical levels. However, if it is unexpectedly hawkish (emphasizing the possibility of interest rate hikes and suppressing expectations for rate cuts), there may be panic selling in the crypto market, with BTC potentially falling below the $60,000 support level. Historically, Powell's statements have often caused significant volatility in the crypto market (for example, after dovish remarks in December 2023, BTC rose 7% in a single day, while hawkish statements in August 2022 led to a 20% drop in a single week). It is recommended that short-term traders reduce leverage and avoid high-volatility periods, while medium to long-term investors can look for opportunities arising from shifts in policy cycles. Altcoins may exhibit even greater volatility due to liquidity risks. Key indicators include the US Dollar Index (DXY), CME interest rate cut probabilities, and the movements of on-chain whales. Overall, Powell's speech serves as a short-term sentiment catalyst, but the medium to long-term trends in the crypto market still depend on the halving cycle, institutional funds (ETFs), and regulatory dynamics.
You may have felt lost in the darkness of a sharp decline, watching your account balance shrink, with fear and anxiety surging like a tide. But remember, every low point is a sharpening of growth, and every setback is an accumulation of experience. The world of cryptocurrencies does not believe in tears, but in perseverance and wisdom. At the beginning of this week, the market continued last week's strong bullish momentum, with Bitcoin hitting a historic high and Ethereum approaching the 4800 mark. A technical correction after the surge occurred as expected, with Bitcoin briefly testing around the 116700 line and Ethereum touching around 4360. The market then gradually stabilized, with the focus steadily shifting upward, and the overall pattern returning to a bullish trajectory. The 4-hour chart shows a characteristic of 'quick rise and quick fall'; after a rapid surge, it failed to break through the previous high, forming a resistance and then a pullback, followed by a rebound. This week, it is crucial to pay attention to the high-level resistance situation. If the high point remains unbroken, the market is likely to maintain a high-level tug-of-war. The current market appears weak, and the price lacks unilateral upward momentum, with short-term movements being convoluted and volatile, leading to substantial fluctuations. The smaller time frame has been undergoing oscillation and consolidation for some time, but upon closer inspection, there lies a bullish opportunity. The current pattern highly resembles the characteristics of a small-level double bottom: if it can steadily hold the recent low without being effectively broken, a rebound is likely to be on the horizon. Operational Suggestions: Bitcoin: Buy around 117500, target 119500
Some say the cryptocurrency market is a casino, but true players know that this is a battlefield for monetizing cognition. Satoshi Nakamoto's phrase "Don't trust anyone, verify everything" is the first mandatory lesson for entering the crypto world. In this smoke-free battlefield, technical analysis is certainly important, but even more critical is the insight into market trends and the grasp of human weaknesses. When most people are swayed by greed and fear, those who can remain calm and think independently can seize the real opportunities. Market Review: After experiencing several days of weak fluctuations, a rebound finally arrived, with Bitcoin strongly rising from an intraday low of 117138, peaking at 118517 before encountering resistance and retreating. The current price has once again entered a correction phase. Ethereum also showed a similar trend, successfully recovering lost ground during the rebound, peaking at 4574 before similarly facing resistance, and is currently in a high-level consolidation state. Overall, while short-term rebound momentum is displayed, the pressure above is evident, and the market still needs more buying support to sustain the upward trend. Bitcoin's layout today gained over 1014 points! Ethereum's simultaneous layout gained over 91 points! The Bitcoin market has recently continued to show a stalemate, with the overall trend still failing to break through the key resistance and support levels that constitute the fluctuation range. The weekend formed a clear box consolidation pattern. This sideways trend has lasted nearly three days, during which there were occasional attempts to break through, but ultimately fell back into the range due to insufficient volume, with selling pressure still present above. The technical analysis for Bitcoin on a 1-hour timeframe shows that when the price rebounded to the upper Bollinger Band around 118500, it was met with pressure, and the large bearish candle also fell close to the middle Bollinger Band, marking the exhaustion of rebound momentum. The upper Bollinger Band is gradually flattening, locking in upward space, while the middle band is barely supportive. The suburban volume shows characteristics of "rebound on decreasing volume, decline on increasing volume," resonating with the trend of the Bollinger Bands, potentially forming a trend of "upper band hits a wall → middle band loses support → lower band tests" in the later period. Keep a stop-loss!
Operation Recommendations: Bitcoin: Short near 118300, target 116500 Ethereum: Short near 4560, target 4450
Now you might be struggling to move forward in the wave of the cryptocurrency world, or perhaps you have just stepped into this challenging field. No matter what stage you are in, remember that persistence and learning are your strongest weapons. The future of the cryptocurrency world is full of infinite possibilities, and I hope you find your own treasure of wealth in this unique world and realize your dreams. Looking back at this week!
On Monday, the major coin layout gained over 10,864 points, while the Ethereum synchronized layout achieved over 422 points.
On Tuesday, the major coin layout gained over 2,536 points, while the Ethereum synchronized layout gained over 238 points.
On Wednesday, the major coin layout gained over 3,657 points, while the Ethereum synchronized layout gained over 245 points.
On Thursday, the major coin layout gained over 7,369 points, while the Ethereum synchronized layout gained over 297 points.
On Friday, the major coin layout incurred a small loss of over 2,246 points, while the Ethereum synchronized layout gained over 262 points. The technical analysis of the major coin's 4-hour chart shows that the current price is continuously running below the middle band of the Bollinger Bands, and the middle band is simultaneously turning downward. Recently, every attempt to rebound and touch the middle band has encountered significant selling pressure, with the K-line often closing as small bullish candles with long upper shadows or directly falling back, reflecting that the momentum to break through the key resistance level is extremely weak. Although a rebound trend is currently indicated, there has not been a clear reversal signal, and it remains oscillating between the middle and lower bands of the Bollinger Bands. However, the upward turn of the lower band needs to be noted. In addition, the Bollinger Band width has not shown significant signs of narrowing, indicating that the current downward trend structure has not loosened, lacking technical signals for a trend reversal. It is highly likely that the price will continue to adjust below the middle band of the Bollinger Bands, and if it breaks the support of the lower band, it may trigger a new round of downward movement. It is important to focus on solid analysis and set good stop-losses for your peace of mind. Trading Suggestions: Major Coin: Short near 118,400, target 116,800
Remember, in the cryptocurrency space, temporary gains and losses do not determine your future. Those who achieve success in this space have not necessarily never experienced failure, but they understand how to draw lessons from failures and forge ahead through setbacks. They are not swayed by short-term market fluctuations, but instead focus on long-term development. Looking back at the evening's market trends, Bitcoin has basically been oscillating between 117000 and 117800, with no significant movements. Unlike before, where there were occasional clear ups and downs, tonight it feels more like a tug-of-war within a small range, with visible narrowing of volatility space, giving the whole market a sense of 'holding back'. The daily winning layout for Bitcoin yielded over 806 points! Ethereum's synchronous layout also gained over 67 points!
From the current technical analysis of the market, the 4-hour level candlestick shows a typical oscillating repair pattern, and the market is undergoing a process of recharging bullish and bearish forces. Due to the significant shrinkage of trading volume over the weekend, the volatility space of the market has been compressed into a narrow range. This sideways consolidation has persisted for nearly 24 hours, forming a standard rectangular consolidation pattern. During the early morning period, we will continue to maintain a rebound bearish strategy, and the market's real directional choice still needs to wait for the performance after next week's opening.
Operational Suggestions: Bitcoin: Short around 118000, target 116500 Ethereum: Short around 4440, target 4300
Remember, financial freedom is not an unattainable dream, but a result of step-by-step hard work and accumulation. Every decision, every persistence, brings you closer to this goal. Do not be discouraged by temporary difficulties, and do not be misled by momentary temptations. Firmly believe in yourself, keep steady, and you will eventually reap your own wealth legend in the cryptocurrency world. Yesterday, Aunt Big Pie continuously laid out two Dan Silk Roads, reminding Kong Dan to enter multiple times, and at 4:00 AM reminded to short the Silk Road at 4400 and 116800. Overall, the space from short to long is quite good, and it once surged to around 4490 and 117800 in the early session. Currently, the market has once again surged and then retraced. Below, you can pay attention to the support line at last night's low point. If it continues to break down, the market will once again start a downward trend. This morning, the regular victorious strategy captured over 800 points of space with Big Pie! Ethereum's synchronized layout captured over 60 points! Congratulations to those who followed along!
From the daily chart of Big Pie, yesterday again closed with a small bearish candle, with the price touching the support level of 11.75 mentioned in the article. If the correction continues, the next support looks towards the MA60 daily moving average at 11.35. From the 4-hour chart, it is currently about to drop to the MA256 daily moving average at 11.63. Short-term focus on the support level's gain or loss. From a trend perspective, the weekly closing is currently a green candle with an upper shadow. The short-term bullish trend is likely ending and needs some oscillation adjustment. For the second half of the month, it is recommended to treat it as a consolidation phase. From the daily chart of Ethereum, yesterday again closed with a green candle, breaking the MA5 daily moving average. The support below looks at the MA10 daily moving average at 4340. The weekly chart currently shows a long upper shadow. If the price cannot close above 4500, it is likely to enter a consolidation adjustment phase next week. Short-term support to watch is at 4200, and the resistance level to focus on is 4520.
Operation Suggestions: Big Pie: Short near 118000, target 116500 Second Pie: Short near 4480, target 4350
You may doubt your choices at some moment, feeling anxious as you watch the numbers in your account change. But please believe that every setback is a stepping stone to growth. Those who have succeeded in the cryptocurrency world have all experienced countless ups and downs before learning how to steadily move forward in the waves. This morning, the successful layout of Bitcoin gained over 1100 points! The Ethereum synchronized layout gained over 140 points!
From the hourly Bollinger Bands, the middle and lower bands are still sloping downwards, indicating that the short-term downtrend has not changed. However, the lower band has turned upwards, providing initial support for the price: the channel is narrowing, and the bag mouth is closing, indicating that the short-term bullish-bearish competition is slowing down, and the market volatility is decreasing. Additionally, the price that was previously close to the lower band is gradually moving away from support and approaching the middle band, showing that the bearish momentum is weakening. Overall, the short-term trend has not completely reversed, but the bearish force is diminishing, and the bullish-bearish competition is becoming smoother.
Operational advice: Bitcoin: Buy around 118600, target 120000 Ethereum: Buy around 4600, target 4780 #比特币 #以太坊ETF
In the world of cryptocurrency, information is complex, and various voices fill the air. Do not blindly follow the trend, and do not be led by the so-called 'experts'. Enhance your understanding and establish the ability to think independently; this is the foundation for your presence in the cryptocurrency space. Each in-depth study of the market and each reflection and optimization of investment strategies adds bricks to your wealth building. The long positions laid out in the morning are now also realizing a profit of 1100 points upon exit. The choice of entry point determines your profit. Currently, the price is above the moving average, and in the short term, the bullish advantage is predominant, but the trend has not yet reversed. This may likely be a test of the upper pressure level; after 119200 has turned from support to pressure, both sides are paying close attention to this position.
On the technical side, the hourly MACD fast and slow lines are still below the zero axis, and the overall trend remains in a downward zone. The MACD histogram is gradually shortening from deep red to near zero, indicating that the bearish momentum is weakening, and it is currently in a transitional phase from bearish to neutral. The trading volume during the rebound phase is low, indicating that capital participation is not high; the current rise is a weak rebound. In the short term, the price of Bitcoin may continue to attempt to approach the resistance level, but the overall trend has not yet reversed.
Operational Suggestions: Bitcoin: Buy near 118500, target 119500 Ethereum: Buy near 4580, target 4720
You may sometimes doubt your choices, feeling anxious as you watch the numbers in your account fluctuate. But please believe that every setback is a stepping stone to growth. Those who have succeeded in the cryptocurrency world are no exception; they have all experienced countless ups and downs before learning how to navigate the waves steadily. During the midnight period, Bitcoin rebounded from the previous low point of 117410, reaching a high of 119313. Subsequently, it faced pressure again in the early morning, with a significant decline. Ethereum's trend is highly correlated with Bitcoin, also displaying a pattern of pullback-rise-pullback, currently trading around the 4530 line. As for Ethereum, the evening session was also full of complaints from the consistent winners, and three orders resulted in losses, which was quite difficult to bear. However, this highlights the importance of strict stop-loss measures in actual trading, controlling losses; otherwise, there would be no place to cry. Friends who have incurred losses should not lose confidence; we will fight again.
From the hourly Bollinger Bands perspective, both the middle and lower bands are currently steeply sloping downward, indicating that bearish forces dominate in the short term, and the support level below is weakening as the indicators move downwards. However, the upper band is diverging upward, suggesting that the price volatility is expanding, and the divergence between the bullish and bearish sides in the market is beginning to intensify. This pattern of the lower band trending downwards while the upper band trends upwards shows that, although the short-term bearish pattern has not completely reversed, the selling pressure below has been alleviated after a rapid release. Particularly, when the price dropped to 117400 and quickly rebounded, it happened at the lower band position where technical buying stepped in, indicating that this area provides some support in the short term.
Operational suggestions: Buy Bitcoin around 117600, target 119500 Buy Ethereum around 4490, target 4700
The opportunities in the cryptocurrency world are equal; it offers everyone the possibility to rewrite their destiny. Here, knowledge is the key to wealth. As long as you continue to learn, delve into market research, and enhance your understanding of digital currencies, you can seize those fleeting opportunities. Perhaps you are just a beginner in the cryptocurrency world, feeling confused by the complex candlestick charts and various concepts, but as long as you persevere in learning and continuously accumulate experience, one day you will find your own rhythm in this market. The market on Thursday is also about to end. Looking back at the overall market trend during the day, Bitcoin surged strongly to around 124,545 in the morning and refreshed its historical high. However, after reaching the high, it did not continue and instead operated around a downward trend in the afternoon. In the evening, it strongly broke downwards. The intraday increase was nearly 7,000 points. The lowest point in the evening touched around 117,410. Currently, Bitcoin's price is still hovering around the 118,000 mark. Ethereum's performance on Thursday was relatively slow during the day, operating mainly between bulls and bears. In the evening, as Bitcoin strongly tested the bottom, it touched a low of around 4,455 before rebounding. Currently, the price of Ethereum is around 4,600. Today, Chang Sheng's real trading layout for Bitcoin was two shorts and one long, yielding a profit of over 7,369 points! Ethereum's simultaneous layout garnered a profit of over 297 points!
From the current 4-hour chart analysis, the market shows a significant retracement trend influenced by news. This round of adjustment has not only caused the index to lose the mid-track position but also briefly approached the key lower track position. However, after falling above the lower track, the market began to demonstrate strong resilience and started to rebound. The retracement following the impact of the historical high is a normal phenomenon. On one hand, the substantial profits accumulated in the previous period need to be realized, which will cause a wave of retracement in the market. From a technical analysis perspective, any healthy upward trend needs to go through periodic adjustments to digest overbought pressure and repair technical indicators. As we have repeatedly emphasized before, a good bullish market must be accompanied by reasonable retracements, which are a necessary process for more stable upward movements. The current retracement is more likely to be a normal adjustment within the upward trend rather than a complete reversal of the trend.
Operational suggestions: Bitcoin: Buy around 117,000, target 119,500 Ethereum: Buy around 4,500, target 4,700 #比特币 #以太坊ETF
US stocks opened lower, coupled with PPI unemployment benefits bearish news, today, bears will become dominant, short on rebounds this evening!#比特币 #以太坊ETF