Don't be disturbed by short-term fluctuations; look at the long-term perspective. Under the cycle, patience is always the most valuable asset. Recognize the height of your cognition, set your mindset for success or failure, and plan your wealth accordingly. Yesterday, Bitcoin rebounded to a high of 81,680 after a rally, but the bulls faced pressure again, and the bears formed continuous breakdowns, accelerating the decline. It once broke below the 80k level and is currently at a low of 79,461. Ethereum rebounded to a high of 2,345 yesterday afternoon but also faced resistance. In the evening, the bears accelerated, breaking below 2,300, and the lowest was 2,278, supported at that level.


From the current market situation, Bitcoin's daily chart shows a rebound followed by a decline, with three consecutive bullish candles at high levels with increased volume, then closing with an upper shadow. The local bullish volume accompanied by a pullback indicates a correction expectation has already emerged. Currently, the decline has shifted from a downward adjustment to a consolidation phase. In the short term, the return of the bulls requires attention to the recovery of the 80k and 2,300 levels. The four-hour chart shows a rebound followed by a decline, losing the midline moving average, which is the lifeline for the bulls. Coupled with a wave of high rebound and pullback, breaking below the midline, a double bottom pattern has formed. The short-term bearish correction is basically complete, and combined with the daily chart's single bearish candle adjustment, it still cannot change the overall bullish upward trend.
On Friday, Bitcoin can be directly bought around 79,500, with targets at 81,000-82,800.
Ethereum can be directly bought around 2,280, with targets at 2,350-2,422.
$BTC $ETH #美股加密概念股走强
BTC-1.29%
ETH-1.97%
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