On the road of investment, restlessness will only lead people to chase gains and sell at losses; only by settling down can one grasp the true trend. Tides rise and fall as a normal state; staying true to your original intention is the only way to pass through cycles. No one can fully understand every market trend; accepting small setbacks and giving up profits that don’t belong to you—these are the biggest enemies in trading, always your greed and fear. Yesterday’s highest fluctuation was 79,444, and the lowest was 75,756, with a daily range exceeding 3,687 points. Ethereum followed Bitcoin’s synchronized fluctuations, from an early morning low of 2,288 to a high of 2,423 in the evening.

After Bitcoin’s recent surge to a peak, it entered a sustained high-level decline, with prices continuously moving lower. The high points keep dropping, and the current consecutive bearish candles have broken below the middle band of the Bollinger Bands, indicating a complete weakening of the overall trend. The bearish momentum continues to dominate the market. After the bottom was tested near 77,582 and then rebounded sharply, the high was met with resistance, unable to break through a second time. Subsequently, a unilateral correction began, with prices staying below the moving averages. All short- and medium-term moving averages are turning downward in unison, creating layers of resistance. Every small rebound is met with selling pressure, and the bulls have little strength to sustain upward movement. The market has never been forever one-sided; after a rise, a correction is inevitable. When at the peak, decline is certain; the most difficult part of trading is not precisely catching the top or bottom, but knowing when to stop when the trend weakens and controlling greed during market chaos.

Bitcoin: bearish at 78,500, target 77,300
Ethereum: bearish at 2,450, target 2,330