The two consecutive days of decline have already dropped nearly 4,000 points. It was previously advised not to chase—once above 7,900, you can start buying in batches. This wave of a daily-level pullback is still very smooth. If you’ve been following along, you can now begin taking profits and reducing positions!

BTC
Currently, the four-hour chart has broken down. The price is pulling back toward the daily chart’s midline, showing some rebound demand. Long positions can wait for a rebound around 7,500. The rebound targets are at two levels: 7,640-7,700. If, on the four-hour chart, the price can stabilize above 7,700, then you can manually exit. If the selloff continues and breaks below 7,500, the daily chart structure will be completely damaged, and then further downside is expected toward 7,360-7,050.

ETH
Today, Ethereum is especially tough/strong. The pullback has just reached the target support at 2,250 and started to rebound. In the evening, watch for rebound resistance around 2,300 and consider taking positions at 2,300. If the pullback breaks below 2,250, then for the short-term, longs can be lightly held around 2,180 in anticipation of a rebound. If it strongly breaks below 2,180, then the daily chart structure will weaken, with support below at 2,110-2,035.

Don’t fight the trend to bottom-fish or top-tap.
Don’t subjectively fantasize about the market.
Follow the trend, respect the market—that’s the way to go for the long run. $BTC