The current market review of yesterday's strategy and analysis shows that yesterday's plan was basically on point. Ethereum hit 2900, rebounded 70 points, Bitcoin was around 86,800, dipped below 500 at the lowest, then rebounded 2000 points. Later, it weakened. As of now, the market trend is bearish, as shown in the chart below. Support levels and key points are around 2780-2730-2550 below, and 3000-3080 above. If it doesn't stabilize above 3000, there won't be much room upward. The pattern has changed, and the probability of breaking through to 3150 has decreased. Currently, it's difficult to give a precise strategy in advance. I don't have confidence in this pattern. I can only focus on these key levels and trade around them. Strategy trades need to consider space, and very short-term trading requires monitoring the market and short-term pattern structures. Bitcoin below 84,500-80,000 is a critical point; above 90,000-94,000. Short-term fluctuations are not the focus; long-term, there's still a possibility of reaching 96,000. But don't be stubborn—trade according to the market direction. Liquidity has been poor these days, mostly drained by gold, so it's not easy to trade. Short-term and ultra-short-term trading are relatively better. Be willing to cut losses and move on. In the next couple of days, I will follow this view. I need to go out tomorrow, so I will post insights irregularly. I will share those with higher confidence and probability. If I don't have time or the market isn't clear, I won't post. This is just my personal opinion for reference.
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The current market review of yesterday's strategy and analysis shows that yesterday's plan was basically on point. Ethereum hit 2900, rebounded 70 points, Bitcoin was around 86,800, dipped below 500 at the lowest, then rebounded 2000 points. Later, it weakened.
As of now, the market trend is bearish, as shown in the chart below.
Support levels and key points are around 2780-2730-2550 below, and 3000-3080 above. If it doesn't stabilize above 3000, there won't be much room upward. The pattern has changed, and the probability of breaking through to 3150 has decreased.
Currently, it's difficult to give a precise strategy in advance. I don't have confidence in this pattern. I can only focus on these key levels and trade around them. Strategy trades need to consider space, and very short-term trading requires monitoring the market and short-term pattern structures.
Bitcoin below 84,500-80,000 is a critical point; above 90,000-94,000. Short-term fluctuations are not the focus; long-term, there's still a possibility of reaching 96,000. But don't be stubborn—trade according to the market direction. Liquidity has been poor these days, mostly drained by gold, so it's not easy to trade. Short-term and ultra-short-term trading are relatively better. Be willing to cut losses and move on.
In the next couple of days, I will follow this view. I need to go out tomorrow, so I will post insights irregularly. I will share those with higher confidence and probability. If I don't have time or the market isn't clear, I won't post.
This is just my personal opinion for reference.