Falling down is not scary; giving up is true poverty. Reviewing mistakes, correcting, and starting anew—there's no end in the crypto world, only constantly surpassing oneself. Market ups and downs are all training; holding positions through fluctuations ultimately leads to the peak. Enduring loneliness when no one cares is what qualifies you to have the brilliance that attracts all eyes. Yesterday, Bitcoin once again formed a breakout trend, refreshing recent highs. After rebounding from the early morning high of 74,777 and breaking through the 76,000 resistance, Bitcoin continued its unstoppable momentum, reaching as high as around 79,444. Currently, it has temporarily entered a small correction phase with a slight pullback. Compared to Bitcoin, Ethereum's upward momentum is insufficient. Starting from the early morning at 2,280, it rose to touch around 2,423, and now, following Bitcoin, it has entered a brief correction phase. Yesterday, the real trading position was decisively closed, leading to more upward movement, helping brothers who followed to recover some losses. The market is not static; everyone makes mistakes. To last longer in this circle, we must have the ability to correct errors, leading everyone to go further and longer. Mistakes are not scary; what’s scary is sinking into losses, not daring to cut losses, and not daring to re-enter positions.


From the current market situation, the daily chart shows a high rebound followed by a low pullback. After probing higher and reaching new highs again, there are signs of local correction at high levels, also due to the filling of the upper shadow of the monthly candle and subsequent pressure. There is a need for adjustment; after partial digestion of news, the market returns to technical high-level consolidation and correction, with some space for retracement. On the 4-hour chart, a triple-down pattern has formed, but the shape still belongs to the fifth wave of the wave pattern, in a consolidation phase preparing for the next upward move. Combining the daily chart’s pullback, further adjustment is needed. The rhythm will be choppy and repetitive, possibly with repeated attempts to probe higher and then pull back, following a correction pattern. In the near future, observe the retracement extent first, then follow the main trend for operation.

On Thursday, Bitcoin can be bought on dips around 76,500-77,000, with a short-term target of 79,500. Medium- and long-term positions can aim for 80,500-82,600-85,000.

Ethereum can be bought around 2,300-2,280, with a short-term target of 2,400-2,465. Medium- and long-term positions can target 2,566-2,625.
BTC-0.2%
ETH-2.07%
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