Investing inevitably involves experiencing several ups and downs and mishaps. When the feelings brought by thrilling, violent, roller coaster-like trades sweep over you, how will you face the challenges? Or will you escape? Perhaps you will feel scared and lost due to the mishaps, unsure of what to do in the shifting tides. You can only keep striving to overcome and greet the challenges with a GRIN, looking back at yesterday with a clear conscience. The current market situation has not seen much Fluctuation under the influence of the previous pump, with the overall range compressed between 92000-90800. The short-term trend is also relatively steady, having entered a contraction phase, and it is expected that there will not be much Fluctuation going forward. The long position on Orange is still held, and the price is still operating around the 91100 line.

From the current market perspective, whether the current rebound marks the beginning of a new upward trend or just a wave is crucial for the day’s continuation. The strong pump over the weekend broke the previous downward rhythm, while last night’s sharp rise was followed by a sudden stop, leading to a correction. If we view this as a correction, after this pullback, there should be a second pump for the upward trend to continue. However, from the current correction strength and rebound space, it indicates that the adjustment still needs to continue. Currently, the short-term structure is in a horizontal recovery, but on the daily chart, there is still some adjustment space. There is no need to worry about the space for going long; the previous strong pump has driven the moving average indicators upwards, generating bullish momentum. In the short term, one can simply follow the bullish trend.

Bitcoin: 90800-90600 Long Target focus on 92500
Ethereum: 3000-2980 Bullish Target focus 3100