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When it comes to investing, making money requires wisdom, admitting mistakes takes courage. Sometimes you feel like the sky is falling, but actually it's just a matter of the wrong perspective. Leave room for adjustment, learn to observe, learn to wait, learn to adapt. Often, persistence isn't everything, and a carefree glance back is also very important.
Look at the market rhythm this morning. Bitcoin has been fluctuating within a relatively wide range these past two days, spiking up last night, then pulling back this morning, but the 95,000 level has held quite firmly, with the decline basically in check. Ethereum has no independent trend, mostly following Bitcoin's rhythm, with a similar pattern.
Recently, the trading strategy has been centered around long positions at low levels, and the overall trend has basically met expectations. The entry points for long positions during the day have been quite precise, and the long position given in the early morning has already been secured. The long positions at the low levels earlier are still held. This is the rhythm of riding the trend—pullbacks are opportunities to accumulate.
From the daily chart, the midline remains a strong support, which is a life-and-death line for the bulls, and it is still quite effective. In the short term, the market is in a consolidation phase, and this pullback is within normal correction ranges, requiring time to digest the previous gains. In the short term, it may gradually consolidate upward, but the structural strength has not weakened.
On the four-hour chart, the price touched the upper band and moved toward the midline but failed to continue downward, instead showing a significant rebound. The moving averages are somewhat scattered, and short-term consolidation will continue, but this wave of decline did not reach the midline, and the rebound is quite fast. The bulls have ample energy reserves. Going forward, mainly look for low buy-in opportunities.
Trading suggestion: Bitcoin around 95300-95000 directly long, aiming first for 97000. Ethereum around 3280-3260 for long entries, aiming first for 3400. Keep a steady mindset and follow the trend.
I managed to hold the 95,000 hurdle pretty well. Judging by the strength of this rebound, the bulls still have some momentum. The low-buying strategy is not wrong.