Price fluctuations are the norm in the crypto space. Only by staying true to yourself amidst the waves can you witness the brilliance of the long term. Don’t let short-term volatility cloud your judgment, and don’t let the illusion of getting rich quick mislead you. Stop-loss is self-preserving sobriety; patience is the foundation of compounding returns. Be less blindly obedient and impatient, and more rational and determined. Move forward steadily—every bit of persistence is paving the way for your own market. Maintain your mindset, so you can go far and steady.
BTC dropped from 89,553 to its low, then slowly climbed back up to 91,338, before pulling back slightly and stabilizing around 90,200 for adjustment. ETH followed BTC’s rhythm, dipping to a low of 3,066, then surged over 100 points to 3,152 in one go, but couldn’t hold, and hovered around 3,110.
Currently, market sentiment continues to warm up, bullish momentum is gradually increasing, and the trend of oscillating upward has become clear, with the overall pattern leaning towards continued strength. From the hourly chart, the previously anticipated W-bottom technical pattern has been precisely fulfilled. After the price touched the neckline of the pattern this morning, it came under pressure and pulled back, probing the bottom support area, then quickly rebounded and formed an effective bottom, with the double-bottom structure now fully established. In terms of candlestick patterns, there is a clear long lower shadow at the bottom, intuitively confirming the strong resilience of the support area, and the selling pressure has been fully released, further boosting the momentum of the subsequent rebound. At present, bullish signals remain clear; it is recommended to actively follow the bullish trend and lay out long positions accordingly. In the short term, focus on the resistance near the W-pattern's upper vertex at the 92,000 level, and flexibly adjust your position rhythm according to the breakout situation at that level.
Follow WeChat official account: Changsheng Looks at Trends
Trading advice: BTC: Go long around 89,800, target 92,000
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Price fluctuations are the norm in the crypto space. Only by staying true to yourself amidst the waves can you witness the brilliance of the long term. Don’t let short-term volatility cloud your judgment, and don’t let the illusion of getting rich quick mislead you. Stop-loss is self-preserving sobriety; patience is the foundation of compounding returns. Be less blindly obedient and impatient, and more rational and determined. Move forward steadily—every bit of persistence is paving the way for your own market. Maintain your mindset, so you can go far and steady.
BTC dropped from 89,553 to its low, then slowly climbed back up to 91,338, before pulling back slightly and stabilizing around 90,200 for adjustment. ETH followed BTC’s rhythm, dipping to a low of 3,066, then surged over 100 points to 3,152 in one go, but couldn’t hold, and hovered around 3,110.
Currently, market sentiment continues to warm up, bullish momentum is gradually increasing, and the trend of oscillating upward has become clear, with the overall pattern leaning towards continued strength. From the hourly chart, the previously anticipated W-bottom technical pattern has been precisely fulfilled. After the price touched the neckline of the pattern this morning, it came under pressure and pulled back, probing the bottom support area, then quickly rebounded and formed an effective bottom, with the double-bottom structure now fully established. In terms of candlestick patterns, there is a clear long lower shadow at the bottom, intuitively confirming the strong resilience of the support area, and the selling pressure has been fully released, further boosting the momentum of the subsequent rebound. At present, bullish signals remain clear; it is recommended to actively follow the bullish trend and lay out long positions accordingly. In the short term, focus on the resistance near the W-pattern's upper vertex at the 92,000 level, and flexibly adjust your position rhythm according to the breakout situation at that level.
Follow WeChat official account: Changsheng Looks at Trends
Trading advice:
BTC: Go long around 89,800, target 92,000
ETH: Go long around 3,050, target 3,400
$BTC $ETH