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Looking back at the intraday market, it has been steadily declining since this morning, with the bulls repeatedly attempting to recover upward, but ultimately failing to gain momentum. After breaking below the 80,000 level in the evening, the bulls have been trying to regain the previous losses, generally moving slowly and with weak strength, but with good continuity, as the market won't keep falling and needs the bulls to correct. Today, the market was in a cautious state; this morning, I directly suggested everyone to treat it as a retracement and buy on dips, focusing on going long at 80,800. In the afternoon, it quickly recovered upward, reaching 81,600, gaining over 800 points. Ethereum focused on going long at 2,330, directly reaching 2,350, gaining over 20 points. In the evening, I again advised entering short positions at high points, once again capturing over 1,000 points. Many times, if you can't hold onto your positions, it only shows that you lack your own judgment of the market. Following the trend blindly is doomed to be unsustainable. Recently, all my trading records are publicly shared across the entire network; strength needs no words—it's proven through actual actions. Lian Sheng is also ongoing; you can review previous blog posts for reference.
From the current market situation, after the evening decline, the market did not continue downward but maintained sideways consolidation, with each wave of movement followed by sideways accumulation. Regarding this oscillating rhythm, we still prefer to buy on rebounds, as the market won't always be in a correction or consolidation; eventually, a trend will re-emerge. Overall, the current trend structure is a typical oscillating upward recovery, just pausing after the decline. Even with some pullbacks, they haven't formed a sustained downward move. The overall major trend remains bullish, and we should continue to adopt a buy-the-dip approach.
On Friday early morning, Bitcoin hovered around: 79,500-79,300, buy, targeting 81,500. Ethereum hovered around: 2,260-2,240, buy, targeting 2,380.