#BTC走势分析 Midday Analysis: There are less than 9 hours left until the stock market closes this year. The current stock market situation is truly nerve-wracking, and this kind of back-and-forth fluctuation around the 3000-point mark begs the question: does it mean a big trend is coming?
The answer is definitely yes!
So, should we head south or north?
First, let's review. Yesterday, we mentioned that during the third wave of decline, if combined with a 4-12 hour box compression, a fourth wave of decline could occur, bouncing back to 95000 points. If 95000 points cannot hold, then it will return directly to the starting point. This decline is likely a shakeout before the market closes, with back-and-forth fluctuations causing anxiety. Such oscillations before a trend change can easily lead to the illusion that "a big trend is coming." Players who prefer to hold positions long-term should be cautious; better to miss out than to make a mistake!
So, has this correction already ended?
Not sure at all!
The key is that if a fifth wave of correction occurs, one should still enter the market, because even a short-term decline can pack a punch in the rebound. Especially since starting the decline from 99900 points, if it follows the 1-hour descending ladder pattern, the fifth wave of decline might be around 905 points. If it is not a rapid decline but a spiral decline, the rebound would be at least around 93500 points.
The trend of Ethereum is quite different from Bitcoin; it is less predictable and oscillates rapidly with large amplitudes. It has been fluctuating around 3300 points for 3-5 days without breaking. While Bitcoin has dropped to new lows, Ethereum remains at 3300 points. The recent steep decline requires some recovery. Retail investors are eager to buy Ethereum around the 3000-point mark, hoping to acquire chips here, but naturally, someone has to sell for that to happen.
How to position for spot or futures?
For Bitcoin spot players, 92000 is a good entry point for 30% of their positions. If there is an opportunity to drop below 90000 and reach the next box bottom around 8750 points, then increase the position. Even if it drops to 7900 points, there's no need to panic; just like before at 4900 points, a drop will bounce back at least 5000 points. Just enter directly with a coin-based approach!
For futures players, still focus on entering around 915 points, adding a position at 905 points, and exiting at 90000 points. There is at least a 3000-5000 point increase above!
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#ETH走势分析 #ETFvsBTC