Wealth is not about chasing the price and selling with bearish market, but about positioning at low levels and waiting patiently. You either have to study hard or be eliminated by the market. Don’t envy others' hundredfold gains; you only see the results, not the nights they endured and the big dumps they withstood. The crypto world does not believe in tears, only in understanding. Last night, Bitcoin had a slight rebound at the 119519 level, after which short positions formed a strong adjustment, continuing into midnight, with a minimum pullback to the 116788 level, currently recovering slowly. Ethereum surged twice last night, reaching the 3673 level before entering a strong pullback, continuing to decline until early morning, currently pulling back to a minimum of 3476. Yesterday, there were three trades in total, with two long and one short on BTC, accumulating a total of 4200 points. Ethereum also had two long and one short, accumulating over 230 points.


The four-hour chart shows a high-level pullback, breaking the middle track. The previous critical point of the rise has been breached, changing the slow upward pattern of the day before yesterday. Based on the current trend structure, the focus is on the continuation and strength of the short-term downward decline. If it fails to continue and repeatedly turns upward, there is an expectation for a rally in the future. Additionally, the downward space remains valid, so the short-term return to the oscillation consolidation range is still in a phase of consolidation, waiting for an effective breakout to follow the trend sustainably. Currently, the focus is still on the vicinity of the starting point of the decline; if it cannot recover, there is still a downward expectation. Furthermore, the support strength near the lower area, if it continues to break downward, will increase the pullback adjustment space. The current trend continues to oscillate and consolidate within the range, waiting for a unilateral directional breakout to form a continuation to follow the trend, responding flexibly on Saturday.
On Saturday, BTC 118500-119000 can be shorted, with an initial target of 117000.
Ether 3580-3570 can short, target first focus on 3470-3450.
#PI# #BTC# #ETH#
BTC2.67%
ETH2.64%
GARD-13.4%
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