On a similarly cold day, some people will be very sorrowful, repeatedly reciting the line "Dust covers the face, frost in the hair"; while others joyfully associate the arrival of tomorrow morning with the inevitable rise of a bright red dawn. We must resolutely move from this shore, which is filled with despair, to the new shore full of positive energy. In the morning, we mentioned that the current market trend is characterized by a rise followed by a fall, and a fall followed by a rise. The afternoon market also validated what we said. Therefore, after the morning surge, we did not choose to continue chasing the highs, but instead seized a short-term pullback, perfectly pocketing over 1000 points in the afternoon. The entire market has been clearly analyzed for everyone, and the article also tells everyone how to plan and layout. Missing out on the money-making opportunity can only be described as a pity.
Currently, from an overall trend perspective, a wave of correction is not enough to change the overall bullish trend or to form a true reversal, but it will present certain short-selling opportunities. Although the short-term structure still leans towards a continuation of weakness, the currently weak trend can be understood as a short-selling trap. Overall, the main outlook is still bullish. From a small cycle perspective, the cryptocurrency price has already confirmed support around 96000. Since support has been confirmed, the next step is a rebound. The overall market is indeed rebounding, and it has already stabilized above the 96000 mark. Therefore, after a pullback, it is the time to enter; just enter directly after the pullback!
In the afternoon, Bitcoin is trading around 9600-95800 for a direct buy, initially targeting 99500. Ethereum is trading around 3750-3690, initially targeting 3850.