| Hot News |

1: [UBS Group CEO: Blockchain is the future of traditional banking, integration is inevitable]

2: [Chairman of the U.S. Senate Agriculture Committee releases a new draft of cryptocurrency market structure legislation, CFTC will gain new regulatory authority]

What do we think about Bitcoin and Ethereum today? Last night was a roller coaster ride, with a sharp drop followed by a rapid rebound. The hourly chart showed a direct plunge, a large bearish candle, followed by three large bullish candles, and then a sudden surge. Those who had tight stop losses or were holding positions were basically wiped out. Ethereum dropped to a low of 2860, then quickly rebounded to 3060, a 200-point swing. Bitcoin was even more dramatic, dropping to around 87200 last night before bouncing back above 90000. This kind of market behavior is what we have been emphasizing: if the entry point is not right, not only will you miss out on profits, but you will also get hit from both sides. In the past 24 hours, the entire network saw HY liquidations of 875 million dollars. This is not just a technical move; it is the news that ignited the emotions, compounded by high leverage, which directly amplified the volatility.

BTC: The 4-hour and 12-hour charts show that the lower support at 87000 is effective, but the upper resistance at 90500-91000 has not stabilized. For intraday operations, we only need to focus on the breakout situation at 90500. If it stabilizes effectively, the bulls will continue in the short term. If the previous platform at 90500 does not stabilize, the direction will still be bearish. As long as 87000 is not broken, we will see a wide fluctuation in the 87000-90500 range of 4500 points.

ETH: The 12-hour range of 3090-2930 is the upper resistance and the lower previous trapped positions we have repeatedly mentioned recently. If 3050 does not stabilize, we will enter a short position. If 2930 is not broken, we can take profits; if it breaks, we will look down to 2830-2780. The operation should align with Bitcoin's strategy.

We must remember that those who truly make money are not always the fastest responders. Instead, they are already in the game when others are skeptical. Following the market trend allows you to go further in the market, and these are the people who truly achieve results.

In this recent bull market, I have repeatedly emphasized that I believe the underlying logic of the cryptocurrency market has changed. The factors determining market trends are now more complex than before, and this complexity is something investors have not experienced in previous bull and bear markets. I am Tommy, a companion in the crypto space who trades and learns simultaneously. If you want real-time entry points and personalized strategies, click on my profile and join the community. We have professional trading instructors available around the clock to help you maintain your mindset; don’t bear it alone.

Points are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. Lastly, everyone should remember the two key points I mentioned in my last article: focus on trial positions in the short term, and once we move away from our target range, it will be the last opportunity to make significant profits before the end of the year. I am Tommy from K-line Life, your real-time crypto steward.

Specializing in style: K-line trading

Original volume trading strategy.

Short-term swing highs and lows, medium to long-term trend trades, daily extreme pullbacks, weekly K-line top predictions, monthly K-line head predictions.

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Please be cautious in distinguishing between true and false, thank you for reading!

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