Don’t be afraid of short-term pullbacks, and don’t panic over temporary unrealized losses. If you can withstand the loneliness, hold onto your chips, and make it through the shakeout, the rebound and profits will naturally come looking for you. Looking back at last night’s market, after pushing up near the 77000 area and encountering resistance, it fell back; the low dipped to around the 74800 area where support was found. Currently, the quotation has rebounded back into the 75400 range for consolidation. As for Ethereum, it’s been moving steadily: after bearing pressure from around 2340, it pulled back, and at around midnight the low came to about 2280; the current market is in a range-bound upward trend.

At the daily level, it has been continuing to trade near the upper band. After breaking below 73000, there was no effective continuation. The pullbacks during the rebound process of support have also lacked persistence. In the short-term, the market shows a continuous upward trend; overall, it is in an accumulation and consolidation phase after a secondary resistance pullback. After a retracement correction on the 4-hour level, it has shaken up and built momentum by relying on the middle band for support. Structurally, it still continues the rebound trend since the 75000 bottom, and there has been no weakening pattern of a rapid surge followed by a drop. On the 1-hour level, the short-term rebound trend is likely to continue; after consolidating again yesterday, it rose once more. Combined with the historical trend characteristics from the beginning of the week, there has been no pattern of a surge followed by a pullback. This indicates that the market is gathering strength and fermenting a reversal; the subsequent rally is only a matter of time.

Wednesday morning Bitcoin: go long near 75500 Target to watch 77000

Wednesday morning Ethereum: go long near 2310 Target to watch 2400

After eight years as a seasoned old trader, having personally witnessed several cycles of bull and bear, whether you move alone quickly or many people go far together—rather than fighting it out single-handedly, it’s better to walk side by side. The Buddha guides those with affinity; I wait for those with sincerity. That’s all. Jingquan wishes everyone everything goes smoothly and happy trading!

$BTC $ETH #Gate13周年现场直击 #GatePreIPOs首发SpaceX #比特币反弹 ‌ ‌