Volatile markets are indeed frustrating, but once you endure it, brightness will come. After all, the market won't stay volatile forever; a trend reversal will definitely happen again. In the short term, the price ratio trend is still oscillating upward, with a slight pullback in the afternoon to around 80,470 before stopping, and now it has returned above 80,900. This rhythm is quite correct—each dip followed by a rebound. The pullback has already been completed, so moving forward, just be patient and wait for the rebound. Friends who followed Lao Chen's strategy to enter the market in the afternoon have already gained about 300 points.



Bitcoin's 4-hour chart remains in a narrow range of oscillation, with the price bouncing back and forth between the upper and middle bands, cycling in a tug-of-war pattern. The strength of bulls and bears is uncertain, and the tug-of-war has lasted quite a while. There is no clear trend in either direction for now. The early rebound did not hold onto the gains, and the price has entered a weak correction during the day. Currently, in the afternoon, it has stopped falling and is consolidating. On smaller timeframes, the movement still appears to be oscillating, with the volatility gradually narrowing, but both bulls and bears are giving some opportunities. On the daily chart, there is a tendency to close in the red again, so in the short term, focus on whether the bearish trend continues before looking for buying opportunities.

Trading suggestions:
Tonight, consider going long near 80,600-80,400 for Bitcoin, with an initial target of 83,000.
For Ethereum, consider going long near 2,300-2,280, with an initial target of 2,450.
ETH0.49%
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