Bitcoin has rebounded strongly and tested the previous high of 94,500, with the maximum rebound reaching 94,700 before pulling back. Currently, the price is oscillating around 93,700. This week's strategy remains unchanged—focus primarily on low long positions to catch rebounds. The 94,500 level will be tested for breakthrough again today. As a recent high point, this is the bears' defensive line and also where many short sellers entered at high prices. The争夺战 at low long positions will inevitably be fierce, while it's also a profit-taking point for many bulls, so pullbacks are normal and repeated oscillations are expected. Everyone must form their own judgment! Yesterday's attempt at low longs didn't provide an entry opportunity, fortunately Ethereum gave us an entry point at 3,140, which was shared in last night's live stream. Following the plan, we continue to look upward and reduce positions to protect profits!
Bitcoin daily chart shows 5 consecutive positive candles forming a rounded bottom. Currently, this appears to be merely a rebound, insufficient to form a reversal. The major trend still favors shorts. Those without short positions can wait patiently or participate in some low longs. Those trapped in short positions must manage their position sizes and stop losses well. MACD bullish momentum continues expanding, MA5 accelerates upward, and price remains within the Bollinger upper band. Intraday pullback is needed, but we won't consider shorting. Operations focus on low longs.
4-hour and hourly levels show clear pullback requirements on indicators, but price reluctantly declines—this has the flavor of a short squeeze. MACD bullish momentum is contracting, KDJ three lines converge with a death cross pointing downward, RSI descends from overbought highs. Support levels below: watch 92,700, 91,700, and 90,700. Set up low long positions around these levels. Resistance above: watch 93,500, 94,500, and 95,500.
Ethereum daily chart also shows 5 consecutive positive candles up. Intraday strategy is the same as Bitcoin—primarily low longs. Support levels below: watch 3,180, 3,140, and 3,100. Use low long positions around these levels as entry reference. Resistance above: watch 3,230, 3,300, and 3,350.
Win with the right mindset, lose with the wrong temperament. Trading's beauty lies in the experience, its essence in patience. Masters don't profit through frequent trading, but by identifying opportunities and striking decisively. Most people focus on every trade's gain or loss, but only a rare few understand that most of the time they're losing, and once they seize the right moment, they flip everything. $BTC
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1.6BTC/ETH Market Analysis:
Bitcoin has rebounded strongly and tested the previous high of 94,500, with the maximum rebound reaching 94,700 before pulling back. Currently, the price is oscillating around 93,700. This week's strategy remains unchanged—focus primarily on low long positions to catch rebounds. The 94,500 level will be tested for breakthrough again today. As a recent high point, this is the bears' defensive line and also where many short sellers entered at high prices. The争夺战 at low long positions will inevitably be fierce, while it's also a profit-taking point for many bulls, so pullbacks are normal and repeated oscillations are expected. Everyone must form their own judgment! Yesterday's attempt at low longs didn't provide an entry opportunity, fortunately Ethereum gave us an entry point at 3,140, which was shared in last night's live stream. Following the plan, we continue to look upward and reduce positions to protect profits!
Bitcoin daily chart shows 5 consecutive positive candles forming a rounded bottom. Currently, this appears to be merely a rebound, insufficient to form a reversal. The major trend still favors shorts. Those without short positions can wait patiently or participate in some low longs. Those trapped in short positions must manage their position sizes and stop losses well. MACD bullish momentum continues expanding, MA5 accelerates upward, and price remains within the Bollinger upper band. Intraday pullback is needed, but we won't consider shorting. Operations focus on low longs.
4-hour and hourly levels show clear pullback requirements on indicators, but price reluctantly declines—this has the flavor of a short squeeze. MACD bullish momentum is contracting, KDJ three lines converge with a death cross pointing downward, RSI descends from overbought highs. Support levels below: watch 92,700, 91,700, and 90,700. Set up low long positions around these levels. Resistance above: watch 93,500, 94,500, and 95,500.
Ethereum daily chart also shows 5 consecutive positive candles up. Intraday strategy is the same as Bitcoin—primarily low longs. Support levels below: watch 3,180, 3,140, and 3,100. Use low long positions around these levels as entry reference. Resistance above: watch 3,230, 3,300, and 3,350.
Win with the right mindset, lose with the wrong temperament. Trading's beauty lies in the experience, its essence in patience. Masters don't profit through frequent trading, but by identifying opportunities and striking decisively. Most people focus on every trade's gain or loss, but only a rare few understand that most of the time they're losing, and once they seize the right moment, they flip everything. $BTC