Market fluctuations are shrouded in fog, and the pullback still mainly favors buying on dips$ETH

Recently, the market has been playing a confusing game, with bulls and bears repeatedly tugging, making the direction especially unclear. It’s very difficult to clearly identify the trend. This is actually a common tactic used by the main players at this stage—using oscillations to drain retail traders’ patience and creating a false impression of a chaotic direction.

Let’s review yesterday’s operation: During the day, we positioned long orders around 80,600, with a stop-loss set near 79,800. As a result, during the US trading session, the market suddenly dipped, hitting our stop-loss, and this trade was unfortunately closed out. But everyone doesn’t need to worry; the market never lacks opportunities. The key is to stay steady and adjust your mindset.

Today’s core idea remains to buy on dips after a pullback, entering at low levels, and not blindly chasing short positions. If the market retraces to around 78,000, that will be our entry point for longs. From a cost perspective, adding long positions at this level also effectively lowers the overall average holding cost.

In this kind of oscillating market, the biggest taboo is emotional trading—chasing rises and selling dips impulsively. We should stay rational. As long as the price levels favor our operations, we should prioritize and act decisively. The long position we entered at 80,600 yesterday was unfortunately stopped out, but re-entering above 78,000 today is a more reasonable choice, both in terms of cost advantage and operational rhythm.

Looking at Ethereum, its movement is strongly correlated with Bitcoin, and the main strategy remains to buy on dips. It’s recommended to enter long positions in the 2208-2220 range, without obsessing over a specific point; flexible positioning within the range is sufficient.

Currently, the market is highly volatile, and previous support and resistance levels are less relevant. Relying solely on technical analysis makes it difficult to grasp the trend and easily results in whipsaw losses. At this stage, trading is essentially a test of mindset. The core principle is to reduce position costs and control risk, while paying close attention to news developments and real-time order book data. These should be considered more reliable references than just looking at candlestick charts.

Strategy reference $BTC
Ethereum: buy in 2220-2208, stop-loss at 2170, target 2268, then reduce positions and watch for 2300-2320.

Bitcoin: buy in 78,300-78,000, stop-loss at 800 points below, target 79,500, reduce positions, and if broken, look at 80,600-81,200.