🔥Since you entered the crypto world, everyone and everything you encounter is guided and directed by your trading mindset! Some people take the wrong path from the beginning, while others can sail smoothly; the reason can only be attributed to "blessings"!

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Marx once said: "Everything you have now is the sum of all your past production relationships!" In other words, everything you encounter now is the result of your past circumstances!
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🔥 Data shows that BlackRock's BUIDL fund currently holds approximately $1.145 billion worth of ETH, setting a new historical record. This indicates that institutions have not given up on Ethereum. The Ethereum Pudao upgrade this year is expected to bring us surprises.
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The eight months of 2023 and 2024 have proven that low prices will not make investors part with their holdings. If viewed as a contest, it results in increased volume explosion. Increased turnover often occurs during price surges, and history has shown that only high prices can make long-term investors surrender, while the low price range is often where long-term holders increase their positions.
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Intraday support: around 85500
Intraday resistance: around 88500
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After a narrow fluctuation over the weekend, Bitcoin surged to the mid-range of the upward channel with increased volume. On the four-hour level, the bullish candlestick body is larger than the bearish candlestick, and the pullback is limited. The bullish trend is evident, and even if there is a small bearish adjustment, it does not change the overall upward pattern.
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🔥On the daily chart, the bullish candles continue to rise, with solid bodies and a strong bullish momentum. An upward trend has already formed, and on the hourly chart, the candlesticks are arranged in a stepped ascending pattern. Although bears occasionally test the market, the short lower shadows indicate strong support, and bullish strength continues to assert itself.
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Day Trading Plan:
Buy on the price pullback to the intraday support.
Support at the lower band in four hours for a long position.
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ETH has been consolidating at the bottom for almost a month now, and a full-scale rebound is not too far away. Any short-term pullbacks can be an opportunity to buy. I believe that when ETH really starts to rise, it will be very intense, because most people are stuck above 3000 and are unwilling to cut their losses. Since there are no sellers now, those are all diamond hands, while weak hands have long been shaken out. Therefore, at least until ETH rebounds to 3000, there won't be too much selling pressure.

#pi #nil #sol #eth #btc