The market has never changed direction because of your anxiety; it only rewards those who patiently wait for signals and strictly follow their plans. A decline is not the end but a preparation for the next buying opportunity. Staying calm is more important than catching every fluctuation.


Yesterday, Bitcoin experienced a deep correction after encountering resistance during its rally, with selling pressure concentrated around 78,500. The key support below is around 75,600, and in the short term, it is in a weak correction phase. Ethereum is moving in sync with Bitcoin, reaching a high of about 2,317 during the day and dipping to around 2,270 at the lowest, following the market correction.

Bitcoin is currently trading between the lower and middle bands of the Bollinger Bands. The correction low has not broken below the lower band support. The middle band at 77,846 remains a key breakout level for the bulls. Once it stabilizes above the middle band, a new upward wave will open. Indicators have turned upward from the oversold zone, with the J-line crossing above the K and D lines, forming a golden cross, indicating sufficient short-term rebound momentum. The green bars continue to narrow, and the bearish momentum is rapidly dissipating. Bullish reversal signals are gradually emerging.

Bitcoin: Long around 75,600, target 77,800, stop loss 75,000

Ethereum: Long around 2,250, target 2,400, stop loss 2,200
BTC0.32%
ETH1.83%
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