Today is the 376th day of my dynamic posts, and I haven't missed a single day. Each post is not done half-heartedly, but is prepared seriously. If you think I am a serious person, you can follow me, and I hope the content every day can help you. The world is big, and I am small, so please follow me to make it easier to find.
Bitcoin has broken through the short-term supply line without creating a higher high, instead forming lower highs and lower lows, indicating a potential entry into Wave C decline. However, a strong rebound near $106,500 has occurred, and the pullback volume is relatively small, suggesting that buying pressure still holds an advantage. This indicates limited downside potential, and the probability of continuing to rise is relatively high. Whether Bitcoin can smoothly break through the previous high depends on the volume and price performance in the 10.8-11.2 area. In fact, there aren't many trapped positions in this resistance area, mainly depending on whether the buying pressure is sustainable. If it breaks through 10.8, it will aim for a new high; if it doesn't break, it will continue to test $100,000!
ETH showed strong performance yesterday, breaking through the downtrend line and entering a consolidation range. From a smaller timeframe perspective, there is an expectation of forming a head and shoulders bottom. If it stabilizes above $2,510, the head and shoulders bottom will be confirmed, potentially driving the price to new highs. Currently, it has only broken through the downtrend line, and the direction is still unclear. After three consecutive days of increase, it has been consolidating on Thursday and Friday, providing opportunities for both bulls and bears, but the bears are not yet strong. The strategy is to primarily buy on dips and retreat to advance. The ideal entry point for Ethereum's pullback is around $2,300. If it breaks below $2,200, the upward trend may come to an end.
Arriving in Tengzhou, Shandong, a place known as the Great Teng Empire, a client treated me to a bowl of beef tendon soup, saying it nourishes the yin and beautifies the skin, to help me recover, haha.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Today is the 376th day of my dynamic posts, and I haven't missed a single day. Each post is not done half-heartedly, but is prepared seriously.
If you think I am a serious person, you can follow me, and I hope the content every day can help you. The world is big, and I am small, so please follow me to make it easier to find.
Bitcoin has broken through the short-term supply line without creating a higher high, instead forming lower highs and lower lows, indicating a potential entry into Wave C decline. However, a strong rebound near $106,500 has occurred, and the pullback volume is relatively small, suggesting that buying pressure still holds an advantage. This indicates limited downside potential, and the probability of continuing to rise is relatively high. Whether Bitcoin can smoothly break through the previous high depends on the volume and price performance in the 10.8-11.2 area. In fact, there aren't many trapped positions in this resistance area, mainly depending on whether the buying pressure is sustainable. If it breaks through 10.8, it will aim for a new high; if it doesn't break, it will continue to test $100,000!
ETH showed strong performance yesterday, breaking through the downtrend line and entering a consolidation range. From a smaller timeframe perspective, there is an expectation of forming a head and shoulders bottom. If it stabilizes above $2,510, the head and shoulders bottom will be confirmed, potentially driving the price to new highs. Currently, it has only broken through the downtrend line, and the direction is still unclear. After three consecutive days of increase, it has been consolidating on Thursday and Friday, providing opportunities for both bulls and bears, but the bears are not yet strong. The strategy is to primarily buy on dips and retreat to advance. The ideal entry point for Ethereum's pullback is around $2,300. If it breaks below $2,200, the upward trend may come to an end.
Arriving in Tengzhou, Shandong, a place known as the Great Teng Empire, a client treated me to a bowl of beef tendon soup, saying it nourishes the yin and beautifies the skin, to help me recover, haha.