5.24 Midday Market Thoughts

$BTC The market continued to decline yesterday, and after confirming that the downward momentum was weakening, I took the opportunity to complete a long position at the low point of 74,350, locking in a 2,000-point target in advance. During the holding process, I ignored the mid-term fluctuations and patiently waited for the trend to materialize. Early this morning, the price successfully surged to 76,350, taking profit and exiting the position,稳稳 securing a 2,000-point gain.
There is no such thing as an unchanging trend in the market, nor are there viewpoints that must be defended at all costs. Learning to respect the true signals of the market and following the trend is far more important than stubbornly sticking to one's own opinions. Every calm profit-taking behind it reflects respect and patience for the market, and maintaining a steady mindset is the key to long-term stable trading.

Bitcoin (BTC) 4-hour chart: After sufficient bearish pressure was released earlier, a bottoming out was observed. Currently, the price has rebounded to near the resistance level and is experiencing slight fluctuations, which is a normal pause during the rebound. As long as the key support can hold, the market has a foundation for continuing the rebound. The trading approach should focus on稳健 (steady and cautious) bullishness, waiting for a suitable retracement opportunity to re-enter the trend. If the price can break through the upper resistance zone, the upward space will become clearer.

Sunday midday Bitcoin trading suggestion: Buy near 76,600-76,100, target up to 78,000
Ethereum trading suggestion: Buy near 2,110-2,090, target up to 2,150