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Don't let short-term unrealized losses disrupt your rhythm.
Market fluctuations up and down are normal; losing your composure will lead to total defeat.
Avoid reckless trading, emotional decisions, and blind all-in bets; leave the rest to time.
Yesterday, Bitcoin continued its previous bullish upward trend, oscillating and surging higher, reaching a peak of 82,828, maintaining overall operation near the upper band of the Bollinger Bands, with bullish sentiment once very strong and upward momentum sufficient.
After reaching the high of 82,828 and peaking, the market quickly turned weak, initiating a continuous decline.
Ethereum followed Bitcoin's movement, also starting to rise sharply, continuously hitting new highs in the phase, with a maximum near 2,356.
During the rise, volume was sufficient, and bullish sentiment was synchronized with Bitcoin, reaching full strength.
It dipped to a nearby low, staying below the 2,278 level, showing a weak pattern of first rising then collapsing, with a one-sided decline throughout the day.
Yesterday, after Bitcoin surged to 82,828 with increased volume, it sharply plunged, and the overall bullish cycle has temporarily ended.
In the short term, the overall trend favors bears, with only technical oversold rebounds possible, which are not reversals.
Ethereum's movement is linked and amplified, with more aggressive fluctuations than Bitcoin.
The 4-hour Bollinger Band price broke below the middle band of 80,960, entering the weak zone below the middle and lower bands, with the channel turning downward, three lines deeply oversold, the J-line slightly turning up, indicating a short-term rebound correction is needed.
MACD shows a death cross at high levels, with green bearish momentum continuing to release, and medium-term downward pressure remains unresolved.
Bitcoin: Short around 80,500, target: 78,800
Ethereum: Short around 2,320, target: 2,200