The recent market conditions are indeed quite disturbing, and I know that some friends have faced difficulties in trading during this round of consolidation, with their positions shrinking. Right now, it seems that everyone is just venting their frustrations. Okay, if insulting others makes you feel better, then I accept that. However, it's important to be a little kinder. When will you change the negativity within yourself? That in itself is a state of mind. I sincerely wish you all the best.
The Asian market has seen back-and-forth fluctuations with two waves, rebounding to around 94000, creating an illusion of a potential breakout. In fact, this is a method of inducing short positions during consolidation. We nearly hit our stop loss this morning with our long positions, but Bitcoin is currently up 1500 points, and Ethereum is also up 100 points. For those who followed the trend, remember to reduce your positions or take profits in a timely manner. Our target remains unchanged at 97000 and above.
From a technical structure perspective, the four-hour chart shows three consecutive bullish candles with long lower shadows. As long as the low point is not broken, we should rebound and test resistance. Our consistent approach is to be conservative. When we reach close to our target, we will clear all long positions and then consider shorting. The price levels come first, followed by the trend. If you are the type of trader who is easily influenced by the fluctuations of candlesticks, then I suggest you trade less and observe more. Don't become a slave to your emotions.