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In the wave of the crypto world, rowing against the current is a long-term battle. This road is long; one must not become complacent due to temporary gains, nor should one lose heart because of temporary losses. One must always maintain a calm mindset to go far and steady. This afternoon, BTC's market started with a continuous fall, reaching a low point of 116250, and then slowly climbed to a high point of 118490. We did not catch the opportunity to short this vehicle in the first instance, but we got on board at 116632 in time and then exited at 118328, gaining 1696 points of space. Ether reached a low of 2932 and a high of 3067 today; we entered twice, gaining 49 points and 61 points of space respectively. Look at the crypto world with a calm mind and continuously adjust.
BTC is currently consolidating below a key resistance area, with technical indicators showing an unclear short-term direction, but the medium-term uptrend structure remains intact. From the daily chart, a rectangular consolidation pattern has formed. This pattern usually indicates that the forces of both bulls and bears are temporarily balanced, and the direction of the breakout will guide the next wave of market movement. The 50-day moving average is currently providing dynamic support. The price is currently running above it, which is a short-term bullish signal. The 200-day moving average continues to rise, which is an important indicator of a long-term bull market. The price is well above this line, indicating that the medium- to long-term uptrend is intact. However, it is clear that chasing long positions excessively at this level is not rational; it is better to wait for a pullback or to follow the price action later in the evening.
Tuesday evening's strategy for BTC: Long around 115500, target near 118000
Ether: Long around 2950, target near 3050 #B#