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Markets are always volatile, and people's hearts are always tested. Being able to stay calm during major drops, maintain clarity during big rises, not be swayed by emotions, and not be influenced by rumors—focus on the right direction and move forward with conviction. Time will prove that all persistence and patience will eventually double in value.
The market from Wednesday early morning was influenced by Iran's suggestion to accept a ceasefire agreement. Bitcoin and Ethereum experienced continuous upward movement in sync. Bitcoin started from a low of 68,315 in the early hours and stretched upward, reaching a high of 72,743 before pulling back under pressure. Ethereum began from a low of 2,081 and moved upward, peaking around 2,273 before pulling back under pressure.
In the early hours, short positions were set up with Bitcoin stopping out at 600 points, and Ethereum at 30 points. In the morning, following the bullish trend, decisive long entries were made—whether for live stream followers or real account traders around 70,000—continuously closing out from 71,000 up to 72,500. Long positions on Ethereum around 2,170, closing out from 2,230 up to 2,250. Real account traders positioned long at 70,200, closing out at 72,500, overall capturing 2,300 points. Ethereum longs around 2,170, closing at 2,250, overall gaining 80 points.
It's not that the crypto market lacks momentum or that the trend isn't strong; it's that you chose the wrong direction and followed the wrong people. Follow Brother Jin's guidance—every day when you open your eyes, it's the start of making profits.
From the current market situation, the daily chart shows a large bullish candle with an upper shadow, indicating resistance at the upper trendline. With news digesting and slowing, the bulls are temporarily entering a pullback phase. The 4-hour chart shows high-level consolidation with signs of resistance. Currently, the market is repeatedly confirming the high point. If it doesn't break new highs today, it is highly likely to continue into a bearish trend. The market is entering a retracement and correction phase. Today, focus on the pullback extent of the bears; follow with light short positions. The defensive position is near the previous high point of the bullish surge.
On Wednesday, Bitcoin around 72,000 can be shorted, with targets at 71,000-70,500. Ethereum around 2,250 can be shorted, with targets at 2,180-2,160.