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Being able to stay sober amidst the狂欢 of a bull market, not being blinded by暴利; being able to maintain composure during the寒冬 of a bear market, not being overwhelmed by恐慌 and losing信念; cultivating the resilience to remain unshaken by ups and downs; sticking to your trading logic amidst market fluctuations—that is the fundamental way to establish yourself in the crypto world.
From midnight to early morning, the market once again hit a new high before pulling back, rising first then falling. After facing resistance at the 70,332 level, it has now dropped to a low of 68,227.
Ethereum surged to 2,169 early morning before facing resistance and retreating, with a low of 2,086.
Yesterday evening, we suggested a bullish view at the 69,000 level, and Bitcoin again provided a 1,000-point upward space.
A long position around 2,120 for Ethereum also offered about 40 points of profit potential.
After the market surged and faced resistance, we advised our live trading students to short around 69,500 early morning, and around 68,600, we suggested taking profits, capturing nearly 900 points.
Short positions around 2,150 for Ethereum were also taken, with an exit around 2,097, capturing about 50 points.
On the 4-hour chart, after testing support multiple times, the downtrend slowed, and bullish support gradually strengthened.
Once the space was fully released, the downward momentum weakened, leading to a strong rebound and a correction phase, with bulls beginning to recover.
On the 1-hour chart, prices steadily rose, moving averages trending upward, and indicators showing signs of turning, indicating a relatively strong market.
Although there may still be a rebound period, the short-term bullish trend remains intact.
Look for opportunities to buy on dips during the rebound, then consider shorting on minor pullbacks to respond flexibly.
Tuesday morning, Bitcoin at 68,500–68,700 can be bought directly, with targets initially around 70,000–70,500.
Ethereum around 2,100 can be bought directly, with targets around 2,175–2,180.