The market is once again trapped in a narrow fluctuation range. After a high rise and subsequent fall since midnight, the current price is generally oscillating around the 106000-107000 line after a rebound. We maintain a strategy of low buy and high sell for this narrow range oscillation. This morning, Bitcoin also had a small fluctuation of 300 points. In fact, short-term trading should not be overlooked; accumulating these points can be quite beneficial.
I have always emphasized that a trend change will not occur simply due to one drop, especially after several thousand points of rise and fall. Even if a trend shifts, it requires a process and cycle for bottom construction. Simply put, a bullish market will not change because of one drop, and similarly, a bearish market will not change because of one rebound. The turning point of a trend must combine time and strength. From the perspective of a small cycle structure, the current bottom testing is merely a behavior to test the support at the bottom. This stage is still a correction phase for the market. The bullish momentum is still present; it just needs time. A slow rise is still a rise, and we can continue to focus on bullish positions after a pullback in the future. #BTC☀ #ETH🔥🔥🔥🔥
Bitcoin fluctuates around 106000-105500, with a target expectation of 108000, while Ethereum fluctuates around 4000-3980, with a target expectation of 4100.