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Opportunities are always reserved for those who are prepared; do not wait for opportunities to come, but actively seek and create them.
A little effort each day brings you closer to success.
Tuesday's market showed little volatility, and overall the trend still leaned towards a rebound after a surge, with a slow correction and retracement.
The movement was relatively slow, but there was still room for fluctuation, with Bitcoin dipping as low as around 75,635, then rebounding again overnight to early morning.
Currently, it remains within a range of oscillation, with neither bulls nor bears effectively taking control.
Ethereum's trend is similar to Bitcoin's, also experiencing a wave of correction followed by a rebound.
On Tuesday, Lao Chen pointed out that the upward momentum was insufficient, suggesting a short position could be appropriate.
His analysis was quite accurate, aligning with the market trend.
All short positions planned were successfully pushed down as expected, with Bitcoin short around 76,300 hitting the target and closing with a 600-point gain.
Ethereum short around 2,330 also closed with about 70 points of profit.
Looking at the current market, the daily chart shows a pause and correction at high levels, with a slight tendency to close with a bearish candle after an upward streak.
Yesterday, a partial consolidation above the middle band was maintained at the high of the bearish candle.
The daily chart has slowed slightly, entering a correction phase again.
However, the correction space is still insufficient to change the current bullish trend.
Watch for a potential re-acceleration after stabilization in the coming sessions.
The four-hour Bollinger bands are beginning to contract, with a small rebound in the morning from around 75,600 to near 76,400, then stalling.
Yesterday, the market entered a consolidation and pullback phase, and today it rebounded again to recover losses.
This rhythm is typical of small-cycle adjustments, not necessarily indicating a trend reversal, but a common correction wave pattern.
Trading suggestions:
On Wednesday morning, consider going long on Bitcoin around 75,900-76,100, targeting 77,800.
For Ethereum, consider going long around 2,240-2,260, with an initial target of 2,380.