Afternoon short-term movement is still oscillating and correcting; after spiking to around 82,460 in the morning, both the midday and afternoon sessions have been in a decline correction. After falling to a low of around 80,470 at midday, the market rebounded upward again in the afternoon, currently oscillating and rising around 80,800. Ethereum's trend is similar—basically spiking higher followed by some pullback, but after the pullback, it generally resumes the bullish trend. Therefore, friends who followed Lao Chen's early morning and midday long-entry ideas do not need to panic too much; patiently wait for the subsequent rebound, hold patiently, and stay firmly bullish.



On the daily chart, after a brief surge, the price experienced a slight correction, but the correction was limited, indicating solid support below the market and that it is in a charging phase, with bullish momentum building up. Switching to the four-hour chart perspective, after the price surged and broke above the upper band, it faced resistance above the upper band and directly pulled back near the middle band. Currently, the support strength of the middle band is also evident, with bullish momentum re-emerging, and the bullish energy bars slightly increasing. In the short term, although the market may continue to experience small corrections, multiple solid support points below suggest that buying at low levels is a good choice. In the near term, the market will continue to rotate within a complex environment of bulls and bears, with prices fluctuating like waves—sometimes rising sharply, sometimes stalling and falling back. Even when a downtrend appears, quick rebounds are possible. The rapid switch between bullish and bearish phases is astonishing. Therefore, in the short-term market structure, blindly chasing a one-sided trend may lead to a passive trap. The evolution of market trends is not achieved overnight but follows the natural law of oscillating upward, correcting in the short term, and then rising again. This is the healthy pace for the market to advance steadily.

On Monday afternoon, focus on buying around 80,500–80,300 for Bitcoin, with targets near 83,000; for Ethereum, focus on buying around 2,320–2,300, with targets near 2,450.
BTC0.31%
ETH0.4%
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