The market is always fair; it rewards discipline and punishes luck. Today's decline will wash out all impulsive traders chasing highs; it will also solidify the patience of those waiting. Cultivate your mind, control your positions, follow the rules, and time will ultimately reward the steady.


This round of the market started from a low point of 73,669, forming a strong upward surge structure. The overall bullish trend has not been broken. The recent pullback after the surge is a normal shakeout and accumulation process during an uptrend, not a trend reversal.
The 4-hour Bollinger Bands channel remains steadily opening upward, with the middle band at 76,950 continuously rising. During the pullback, the price did not effectively break below the middle band’s strong support. The bulls’ momentum is very strong, and the lower band at 74,460 forms an absolute defensive zone below, making the downward space very limited.
Bullish volume remains dominant. After a brief volume contraction and pullback, a new round of volume expansion and upward movement could begin at any time. The main trend is clearly bullish; short-term pullbacks are opportunities for long entries. Follow the trend, do not go against the market, seize low-position chips during the pullback, and wait for the market to explode again and surge higher.
The linked Bitcoin has completed a high-level pullback and shakeout, and the overall upward trend remains intact. The main market rhythm is bullish. The pullback is a healthy accumulation, with key strong support below solidly holding, and the downward space is extremely limited.
Follow the main funds’ lead; the pullback is the best window for long positions.
Bitcoin: Buy at 77,200, target 78,700
Ethereum: Buy at 2,260, target 2,410
BTC-0.69%
ETH-2.59%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin