The big pie market has taken profits at ten thousand points.

CN
4 hours ago

Let's take a look at today's midday analysis. Bitcoin is quite simple; as we mentioned, the breakthrough is at the range of 83,000 to 86,000, and after the breakthrough, there was a surge.

After the surge, it hit the range we mentioned, which is 93,000 to 95,000.

Is there a consolidation happening? I expect a pullback to the 90,000 level because there is a gap in the futures at this level, and it would be best to fill that gap.

Then, after achieving this sequence of consolidation, a sequential rise would be relatively healthier. Yesterday, there was a pullback to the 91,600 level.

Then this reversal occurred. The so-called reversal did not completely break through this range; currently, it is in the 93,000-96,000 range, and now it has formed this box-like oscillation.

If it doesn't drop for a long time, it will still consolidate in this area, and after oscillating, it will choose a direction again.

Either up or down; we just need to wait patiently.

Before breaking out of this range, we can bet on short positions around 95,000 with a small stop loss, and for the lower range of 91,600-91,500, we can bet on small long positions. As long as it doesn't break out of this trend in a day, we can buy low and sell high.

We still need to focus on pullbacks with long positions. Now that this trend has emerged, after discussing this, let's take a look at Ethereum.

Ethereum, relatively speaking, has also successfully broken through this level. It has defeated 1,838 and is currently consolidating in the range of 1,700, 1,730-1,800. This is the first pullback, and it has already held at this level. Next, we will see if it can form a double bottom, build a base, and then continue to rise. This is what we need to pay close attention to.

On the upper side, we first need to look at the 1,838 and 1,840 levels.

Because Ethereum is relatively harder to trade; it can suddenly spike up or hold steady after a pullback, making it not very easy to trade. In such situations, we can only buy low and sell high.

According to past patterns, Ethereum has not been easy to trade since the second half of the year before last; it often moves sideways and suddenly drops. If you are not paying attention, you might miss the opportunity, and if you miss it, you can only wait patiently.

After waiting patiently, it suddenly comes back with a wave, and now we are seeing this sideways situation again.

The overall trend has emerged; the trend after the double bottom has already appeared. At this point, we should focus more on buying on pullbacks. The upper target is first 2,000, and then we look at 2,500; this is a must.

Additionally, other altcoins have started to show unusual movements, and many altcoins are already at historical lows. If there are some coins of interest, everyone can diversify and allocate a bit. Recently, altcoins have been performing quite well.

If you don't understand the points clearly, you can follow the public account: KK Strategy.

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