A bad mindset leads to an aging life. The kind of heart we have determines the kind of person we are. People are not afraid of the ravages of time on their appearance, but they fear the aging of the heart. An aged heart is like the dusk of evening, where the light of hope is unseen, and only darkness spreads within. In the twilight years, a martyr's ambition remains unyielding; with a youthful mindset, one lives younger and younger!
Just yesterday, it was mentioned in the analysis that the market would rise above 88,000, and today, the high point has already reached around 88,900. The timing is quite similar to the previous day, with a rise occurring around 8-9 AM. The trend is still in line with our expectations. Currently, the market has seen a slight pullback, maintaining operations around 88,000. As mentioned yesterday, we took profits on previous long positions during the rebound and looked for opportunities to position ourselves at higher levels. The suggestion given yesterday was to short around 89,000, and then around 88,900. According to feedback, some friends entered a bit, while others did not, so we will continue to look for opportunities. If a good position arises later, we can act accordingly.
The market has finally reached above 88,000. On the daily chart, a solid bullish candlestick was formed yesterday. Today, after confirming support with a pullback, we are seeing a continuous rise. After breaking the high, the trend is forming a higher close, accompanied by a slight pullback correction. Currently, it is still a short-term strong bullish structure. In terms of technical indicators, since the bullish cycle lasts longer, if the market cannot continue to rise, the bulls will face a situation of weakness. There is also a need for a technical pullback. Additionally, the market has finally started to clear the bearish liquidity above 88,000. It is important to note whether the next step will clear the liquidity above 90,000 again or reverse to clear the bullish positions around 82,000. The nearest accumulation zone is between 88,000 and 90,000.
On the four-hour level, the market is maintaining a high position, showing a bullish oscillation. The price is running above all moving averages, and it is undoubtedly a strong market in the short term. However, in terms of technical indicators, the MACD shows a contraction in volume during the bullish cycle, which means the market needs to continue rising to sustain the bullish momentum. Additionally, the RSI and KDJ show signs of overbought conditions. If the market continues to rise without a pullback, it will be clearly overbought.
In terms of operations, based on the current trend, the ideal scenario that aligns with our expectations is for another upward surge, followed by a pullback. This is not much different from the operational ideas we provided yesterday. For intraday trading, if you have shorted around 89,000, continue to hold. If not, wait for another opportunity to enter, and follow the suggestions given yesterday.
Ethereum has not provided an entry opportunity around 1,700; just wait, it is too weak.
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article is subject to review and publication, and market conditions change in real-time. The information may be outdated, and strategies may not be timely. Specific operations should follow real-time strategies. Feel free to contact us for discussions on the market.】
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