Do not let temporary losses negate past efforts, and do not let brief confusion destroy future possibilities. In the crypto world, more important than technology is mindset; more important than luck is perseverance; and more important than greed is perspective. After Bitcoin's dip to 66,200 on Tuesday early morning and then stopping, the bulls began to rebound again, recovering and pushing higher. In the morning, it rebounded to around 68,377, setting a new high for the rebound. The previous resistance area was broken, but after the surge, it fell back into consolidation. Currently, it is trading around 67,475. Ethereum tested the bottom at 2012 early morning and then entered a rebound. In the morning, the bulls accelerated, reaching a high of 2093 before facing resistance and pulling back. It is now trading around 2056. Overall, the trend is currently a battle between bulls and bears. Whether bearish or bullish, it’s not advisable to look too far ahead; approach with a sideways mindset.



Regarding the current market movement, the short-term stall of the bulls does not indicate a reversal. There are still signs of slow upward pushes and short squeezes, which are common in the final stages of an upward move—gradual retracements followed by slow rises. Each time a short-term new high is reached, there is some pullback. Currently, the market is in a phase of slowing down, consolidating, and preparing for the next move. It is expected that a slow rise will continue. Until a clear high is formed and followed by a decline, it’s not advisable to try to top out or chase the market. The short-term structure remains a correction within a bullish trend. Shift your mindset accordingly: continue to buy on dips. Every pullback is an opportunity to add positions.

On Tuesday, Bitcoin around 67,000 can be bought directly, with a target of 68,500. If it breaks through, it could extend to 69,000.
Ethereum around 2030 can be bought, with a target of 2100. If it breaks through, the extension remains open.
BTC1,94%
ETH3,59%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin