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Everyone envies the myth of sudden wealth, but few can hold onto their fortune. First cultivate your mindset, then practice your skills; first control risks, then discuss returns. Your awareness and self-discipline are the hardest cards in this market. Last night and after midnight, Bitcoin rallied again, stopping at the 73330 support level before recovering, with Bitcoin reaching as high as 74856 around midnight before easing. Ethereum also pulled back for intraday adjustment after surging early yesterday, with the lowest pullback to 2292 before an evening rally to 2356 and pressure again. The rally space for bulls is limited, but our short-term long positions last night also reaped modest gains, with multiple entries around 73600 for Bitcoin and exit signals near 74700 at midnight, providing about a thousand-point profit space. Ethereum at 2306 longs with exit signals near 2340 also yielded some gains.
From the current chart, since indicators need time for correction, the market needs to enter an adjustment period in the short term. The specific correction form may be high-level adjustment or pullback, which depends on overall market dynamics. Currently, the market's short-term trend is inclined downward and may be accompanied by multiple rallies and pullbacks. Although pullback trends exist, it's not a one-way decline, so the subsequent overall movement will frequently see back-and-forth action. Within small timeframes, we should mainly focus on pullback trends; if another rally spike occurs, we need to be alert to the pullback magnitude. Mid-week, first look for pullback adjustments, then watch the secondary rally.
Wednesday: Bitcoin can short around 74500, target 73000 first
Ethereum can short at 2350-2340, target 2250.
#PI #BTC #ETH