Change, it's never too late. No matter when or where you are, or how bad your current situation is, as long as you set your goals and take one step at a time, there is always a chance for a comeback in life. Yesterday, Bitcoin showed relative strength amid the Iranian war causing a sharp decline in the stock market, dropping from around 66,080 to a low and briefly reaching a high of around 68,972, with a nearly 3,000-point upward move. Ethereum started to rebound from a low of around 1926, with the price reaching as high as around 2013.


From the current market situation, Bitcoin's daily Bollinger Bands are still narrowing, with candlestick patterns alternating between bullish and bearish, fiercely contesting around the middle band. This morning, Bitcoin closed the daily candle bearish, leaving a long upper shadow, forming a hammer pattern. After a dip and rebound, it still closed higher. The daily trend remains in a low-range oscillation cycle, with repeated sharp rises and falls. In the short term, it is repeatedly testing resistance above. The 4-hour chart shows a wide-range tug-of-war, with oscillations and reversals. Currently, resistance at the upper Bollinger Band is in the 70,100–69,000 area. Today, it is expected to test the upper band again before entering sideways consolidation. In terms of trading, the short-term bullish outlook remains unchanged. Do not blindly chase longs; instead, look for good entry points, mainly buying on dips.
On Wednesday, Bitcoin can be bought at 67,500, with the first target at 69,000–70,000.
Ethereum can be bought around 1930–1950, with targets at 2050–2100.
BTC-1,21%
ETH-2,9%
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