The market continues to consolidate within the day, fluctuating by thousands of points up and down. There are indeed no better positions for medium- to long-term swings. Although the overall space within the day is limited, the frequent long and short entries and exits have yielded considerable profits. In the morning and midday, one long and one short position respectively captured 600 and 700 points of space; Ethereum captured 30 and 40 points respectively. In the afternoon and evening, the market remained volatile, and we continued to follow short-term strategies. Short positions gained strength again. Although the market fluctuations are small, the ideas we provide can almost always be perfectly realized, and the entry points are quite precise. When you are still struggling to find direction and your account is losing heavily, others have already successfully turned the tide.
From the current market view, the overall structure is still in a buildup and upward trend phase. The previous decline did not break below support, indicating that a bottom is gradually forming below. However, the overall market still undergoes a process of repeated correction and consolidation. Based on the current trend, the retracement is small and does not break support, with further upward movement still needed. Technically, the four-hour timeframe shows a triangle consolidation, with repeated bullish and bearish movements that do not extend. There is resistance above, but the downward momentum is limited. The battle between bulls and bears is intense, requiring short-term adjustments, and the market will likely attempt to surge again. Currently, we maintain the strategy of buying on retracements.
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The market continues to consolidate within the day, fluctuating by thousands of points up and down. There are indeed no better positions for medium- to long-term swings. Although the overall space within the day is limited, the frequent long and short entries and exits have yielded considerable profits. In the morning and midday, one long and one short position respectively captured 600 and 700 points of space; Ethereum captured 30 and 40 points respectively. In the afternoon and evening, the market remained volatile, and we continued to follow short-term strategies. Short positions gained strength again. Although the market fluctuations are small, the ideas we provide can almost always be perfectly realized, and the entry points are quite precise. When you are still struggling to find direction and your account is losing heavily, others have already successfully turned the tide.
From the current market view, the overall structure is still in a buildup and upward trend phase. The previous decline did not break below support, indicating that a bottom is gradually forming below. However, the overall market still undergoes a process of repeated correction and consolidation. Based on the current trend, the retracement is small and does not break support, with further upward movement still needed. Technically, the four-hour timeframe shows a triangle consolidation, with repeated bullish and bearish movements that do not extend. There is resistance above, but the downward momentum is limited. The battle between bulls and bears is intense, requiring short-term adjustments, and the market will likely attempt to surge again. Currently, we maintain the strategy of buying on retracements.
Bitcoin: 86300-86000 Long, target focus 88500
Ethereum: 2900-2880 Long, target focus 3000