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This market is like a winding river, sometimes calm as a mirror, sometimes turbulent. Everyone will experience ups and downs; it is unavoidable. During the journey, we will encounter various challenges and difficulties, and these experiences will help us grow and improve. After briefly touching the upper high of around 93,700 in the afternoon to evening, the overall pace slowed down, with a slight pullback in the evening, touching the lower level of around 91,500 before gradually recovering upward. This downward probe can be said to be without panic because the current market trend is essentially correcting the previous decline, not a sign of weakness. For me, luck is useless; only precise real-time control matters. Entry and exit are based on in-depth professional structural analysis. Having experienced eight years of ups and downs in the crypto sea, I hope to progress with you and reach the peak together.
I have always emphasized that price correction should replace decline, and a trend change will never be achieved by a single drop. Especially after a recent decline of nearly 10,000 points, even if the trend reverses, it requires a process and cycle to form a bottom. Simply put, bullish trends will not change because of one decline, and similarly, bearish markets will not change because of a rebound. The trend reversal must be a combination of time and strength. From a short-term structural perspective, the afternoon price probe broke through the lower Bollinger Band, and after a pullback, the price quickly warmed up again. Therefore, the afternoon spike was just a false break; the bullish momentum remains strong, only needing time. Slow rises are still rises. Moving forward, we can focus on buying on dips for subsequent setups.
On Wednesday night, keep an eye on short-term longs for BTC between 91,800-91,500, with a target of 94,000. For ETH, look for long positions around 3,200-3,180, with a target above 3,330.