Market trends are certainly not based on guesswork; imagining market conditions will only double the losses! From midnight to morning, the market conditions emerged again, aligning closely with expectations. The highest point rose to around 99,500 before pulling back, testing the support at 97,500, and then rising again to the current level of approximately 98,700. The long positions established in the early hours also gained nearly 1,000 points! Trends reveal many things; how to act and what to do is very clear. With proper expectations and precautions, holding is a sure thing! #BTC☀ #ETH🔥🔥🔥🔥🔥🔥
This rhythm must not be blindly followed for short positions, and there will definitely be an upward push, especially at midnight. Many people are still messaging me asking why they can’t short now; I believe the current market shape is the best answer. In terms of time cycles, the recent pullbacks are basically confirming support. What does confirming support mean? It means that after the pullback, confirming the support leads to a stronger upward movement, so going long is advisable. Currently, the short-term recovery from the pullback is still operating with a relatively strong pattern, so I remain optimistic about a secondary upward surge after the pullback this morning!
Bitcoin is hovering around 98,000-97,500, with expectations looking above 100,000. Ethereum is hovering around 3,470-3,450, with expectations looking towards 3,550.