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Many times, it's only suitable for one person, such as waiting, enjoying the breeze, or watching the market alone! Only by surviving in the crypto world do you have the qualification to discuss victory or defeat.
The current market maintains the previous sideways pattern, with overall fluctuations constantly bouncing between 77,300 and 76,000, showing a wave-like sideways state.
Yesterday, our thinking was always pointing to a high-altitude approach.
In fact, in this sideways pattern, whether it's high or low, there is operational space.
Following the trend can lead to stable profits!
From the current chart, on the daily level, we are in a critical battle zone between bulls and bears.
If the lower support can hold effectively, the upward pattern remains unchanged, and a new high can still be expected.
If the lower support breaks, then our subsequent strategy needs to turn bearish, looking at lower levels around 75,000 or even lower.
Having discussed the main trend, let's shift our focus back to the four-hour level.
The previous step-back retracement shows the strength of the bears, but over time, this is gradually being exhausted, and with the involvement of the bulls, sideways movement is inevitable.
Future trades should revolve around this range.
It is highly likely that the market will continue to fluctuate within this range today, paying close attention to news impacts, which could very well be the trigger to break the current awkward situation!
BTC: 76,000-77,200 range oscillation, can go long at the low end
ETH: 2,100-2,130 range oscillation, can go long at the low end #TradFi交易分享挑战 $BTC $ETH