#比特币插针90.5K Yesterday, Bitcoin exhibited unusual fluctuations, reaching an all-time high of 104,500 before quickly retreating, experiencing a waterfall-style drop of ten thousand points, eventually falling to a low of 88,600.
This market movement can be described as crazy, with many investors deeply caught in it.
Clearly, such significant volatility is aimed at washing out weak hands in the market.
In this situation, it is crucial to manage risk effectively when trading, especially in a high-volatility environment where defense is key.
The true test of the crypto market is not how much you can earn, but whether you can survive extreme conditions.
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From the four-hour chart, the market has peaked and retreated, showing a large bearish candle that almost erased the previous gains.
However, the trading volume did not show significant expansion, failing to achieve a substantial breakdown.
The closing with a lower shadow also indicates that the market is looking for support, and there is potential for a short-term rebound.
The opening of the Bollinger Bands is gradually stabilizing, with the middle band currently forming a clear resistance. However, if it does not break, we can continue to be bullish. Overall, it may be worth considering going long during pullbacks within the day.
For Bitcoin, pay attention to the support range of 98,300-98,000, targeting 100,500;
For Ethereum, focus on the support range of 3,850-3,860, targeting 4,000.
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