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Recently, there have been frequent news developments, so I have been emphasizing that once a position enters, you must withstand the news. No matter how accurate technical analysis is, it’s not as strong as news. The news of restarting the war announced early yesterday directly caused the market to plummet, causing our previous long position ideas to be trapped. Fortunately, I have always recommended light positions, and after multiple adjustments, the average price has come to around 75,200. Until early this morning, positive news kept coming out, combined with market sentiment leading to a rally. The highest reached 77,427 before pulling back for correction. I wonder if everyone managed to seize this opportunity in this wave of market movement. Our live trading students directly gained nearly 2,000 points of profit, completing a full rebound!
From the current situation, on the daily chart, due to news factors, the price has been operating at a low level, but the overall trend is positive. We need to be cautious of a pullback after the rally. Looking back at the four-hour chart, the market has formed a deep V pattern, stabilizing near the middle band, but there is clearly still room above and it has not broken out. The possibility of another rally in the near future is very high. This time, the first target can be set around the upper band near 78,000. Short-term trading still maintains a low-long strategy, with stop-loss in place, and entering with light positions!
BTC: Buy near 76,000-76,500, target 78,000, stop-loss 75,000
ETH: Buy near 2,070-2,100, target 2,200