Here comes the drawing of lines again—this new week, we’re giving the market a head-on strike. The market saw a break down in a waterfall-like move with intraday spikes dipping lower this morning. The consolidation at the high levels from last weekend was washed out again for a full round. Bitcoin’s low fell to around 76666, and Ethereum to around 2085. The US-Imae war situation has escalated again, and the market—just like the situation—is entering a white-hot stage. The dip-buy long setup that Zhuo Wei provided yesterday afternoon has been laid out; for those who already entered, hold patiently. This will be a prolonged battle. For those who haven’t yet laid out positions, just follow the subsequent idea.

The current market is probing for a bottom and pulling back and forth, continuously testing the bears’ follow-through. From a daily chart perspective, the market has four consecutive bearish candles going down. After the bearish K-line breaks below the middle band of the Bollinger Bands, it keeps pushing to probe the lower band. However, the downward push is clearly weakening: the room for further decline is being constantly squeezed, and the market is gradually turning bullish. From the four-hour perspective, the market has bottomed and rebounded. Bottom support has seen strong volume, and the downside wicks appear excessively long—showing that the bears’ continuation strength has been significantly damaged. Going forward, the strength of the breakdown continuing is gradually weakening. Yesterday also indicated that the short-term market is inevitably going to need a pullback to form a normal operating structure—i.e., a second dip. But after the overall downward move plays out, the market’s bearish sentiment is also about to end. The trend for the next phase is that going long and laying out long positions is the direction everyone is heading toward.

Bitcoin long in the 76800-76500 range, target 79000
Ethereum long in the 2110-2090 range, target 2200#TradFi交易分享挑战 $BTC