Hello friends, long time no see! A while ago, the market was very volatile, and I was deeply immersed in actual trading, so I temporarily stopped updating. Now that the market has finally calmed down, I have finally freed up time to update my strategy. Coincidentally, it's Monday, a new week brings new challenges, and on our path to making profits, the road is long and arduous, but we will get there if we keep going!
From the current market perspective, Bitcoin and Ethereum are still in a correction cycle. The repair process over the weekend has pushed the daily line to produce a three-day rally, but the rebound magnitude and volume are both insufficient, and the trend continuation is relatively weak. Observing from the 4-hour level, the market is oscillating and adjusting in a fragmented K shape. This morning, after a rise, it formed a long upper shadow but did not break through the short-term oscillation box range. Although the price center has moved up, there are no obvious breakout signals, and it is expected that there will be little volatility during the day, most likely maintaining a small range of around a thousand points for consolidation. In the early morning, we can appropriately ambush high volatility positions and observe the breakout situation.
Bitcoin: 89600～90000, support at 87200.
Ethereum: 3060～3100, support at 2900. $BTC
