The meaning of cold existence may be to help you find warmer things. The cryptocurrency market saw a black swan reemerge on Tuesday, leading to a series of existential doubts starting in the morning. Fortunately, the thought process remained largely intact. By noon, we received a rebound, and we successfully captured the profits from Bitcoin and Ethereum. In the afternoon until the evening, we continued to follow up on short positions within the range, achieving further gains. Currently, this rhythm has resulted in a significant pullback that has broken the original structure, losing its strength and starting to oscillate. The intraday layout is still relatively satisfactory, with Bitcoin capturing over 7,500 points and Ethereum over 530 points, which is quite a satisfactory report card! #BTC☀ #ETH🔥🔥🔥🔥
After the previous double-bottom structure in the 4-hour timeframe, there was another rise. Although the speed of the closing candles was relatively fast, and there was some pullback in space, it merely returned to the previous starting point. Currently, after stabilizing from the pullback, another wave of rise is expected. Rowing against the current, if you do not advance, you will retreat. If it should fall but does not, it is a sign of rising. The bears have provided opportunities, unable to sustain the downward movement, repeatedly rebounding and testing the support around 94,000. At this time, the pressure above gradually weakens. When a resistance area is tested multiple times, the chances of a breakout gradually increase. Compared to the downward force, the chances of a rebound are greater.
Bitcoin is fluctuating around 94,500-94,000, with an expected target of 98,000. Ethereum is fluctuating around 3,540-3,510, with an expected target of 3,750.