Is this the power of data? It's terrifying to evaporate five thousand points overnight. Yesterday, I reminded everyone that if you couldn't stay up late and didn't have time to watch the market, clearing positions in advance was not without reason. At midnight yesterday, we continued to look at a rebound, and before the data was released, the price reached a high of around 105,000, providing a long-range of over a thousand points. We easily secured a profit of 1,308 points from this rebound, while the secondary stock's performance was weaker, gaining 40 points before exiting.
From the current market situation, it can be seen that whether it's the midnight plunge or the oscillation downwards that started in the early morning, it all shows the weakness of the market. From a four-hour perspective, the price has been continuously declining and has reached the lower Bollinger Bands, with the volume still increasing without signs of reduction. From a daily structure perspective, a huge bearish candle is clear, and the price is still testing downwards. We can observe the support situation at the 30-day moving average, as previous pullbacks halted and recovered around this level. During the day, we can simply follow the trend upwards.
Bitcoin: 100,000~100,400 points, looking down at 108,500.
Ethereum: 3,620~3,650 points, looking down at 3,480.
