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The direction is wrong, effort is wasted. Market movements that make you angry indicate that you still lack the ability to control them. When the market is consolidating, you want a breakout; when it's trending, you want a reversal. Your habits will be your biggest weakness. Don't always go against the market; learn from experience. Temporary setbacks mean nothing; experience is accumulated over time. A good analyst will help you avoid many detours.
Looking at the price action from morning to noon, it remains in a narrow range with limited space. Recent volatility has mainly been reflected in the evening. So, we should focus on capturing opportunities during the evening. The early morning bullish strategy is currently being followed in the short term, with a modest gain of about 600 points. Ethereum also has over 30 points of room, and a short-term short position at the high point of Bujie has about 700 points of space. Ethereum following Bujie has also gained over 40 points. The morning's long and short trades have perfectly achieved dual success, demonstrating that even small fluctuations can yield significant gains.
From the current market situation, as the price under pressure from Bujie pulls back, the daily chart still shows a series of downward candles. The key support level today is 85,000, which also supports the price at around 85,200 to stop falling. The short-term upward pressure has sharply decreased, and the risk of a pullback has eased. This is why we remain confident in the bulls. Regarding the overall pattern and major trend, we have always maintained an upward cycle. The previous pullback was treated as a correction, which has now been completed. The bulls are gradually reclaiming the lower space. Currently, we are at a turning point in the trend, and there will inevitably be a tug-of-war between bulls and bears. A rally cannot simply continue in a straight line; the rhythm of bulls and bears will rotate. The midday strategy remains focused on low buy-ins.
Bitcoin: 87000-86800 Buy, target 89000
Ethereum: 2925-2900 Buy, target 3050