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Price comparison also experienced a strong rebound in the evening, with the price dropping over 3,000 points in a short period, directly breaking below the 87,000 level, reaching a low of around 86,760, and returning near the early morning starting point. Ethereum also gave a retracement space of over 100 points. Currently, the market is slowly recovering. Our earlier suggestions of going long near 87,300 and 88,500 have been validated again. After rising to 90,300, we took profits and exited the market. In the evening, Dandan experienced a small loss, then immediately adjusted the strategy to follow the short side. The evening short position quickly fell back without delay, realizing profits directly, with stop-profit orders set at the take-profit level. Those who did not take profits exited around 87,000. Dandan again gained nearly 1,600 points, and Ethereum had over 60 points of space. We have repeatedly advised everyone that this market should be approached with a high short and low long strategy. The short-term downside is also gradually recovering. This is a very obvious strong structure, so trading Dandan requires a clear strategy and not blindly follow the trend, as no one's advantage is gained by a sudden gust of wind.
From a technical perspective, the current market shows a continuous sideways consolidation at low levels. However, it can be observed that the low points are gradually rising on the hourly chart, with no new lows appearing. After probing near 90,300 on the upside, a slight retracement occurred. As long as the support at the low levels holds, there is still room for the bulls to continue. The daily chart shows two consecutive bullish days of rise; once the upward breakout occurs with increased volume, it indicates a strong bullish trend, which is within expectations and a natural result of the trend structure. We also mentioned earlier that the current retracement is a bullish sign; if there is no retracement, then the short-term trend remains bullish with continued upward movement. The four-hour chart shows a quick rise followed by a pullback, so the future trend remains clear. It is advisable to follow the rebound for now. In the short term, price comparison may experience some correction and retracement, but this is not a reversal. After the correction, the bullish trend will resume, serving to accumulate energy for a new surge.
In the evening, Bitcoin is expected to go long around the retracement zone of 87,000-86,800, targeting 89,000. Ethereum is expected to go long around 2,900-2,880, targeting 3,000.