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The evening continues with oscillations within the range, and the trend is also characterized by the tug-of-war between bulls and bears. Although there hasn't been much room for movement, it seems that after reaching the upper resistance level during the day, a wave of oscillating upward movement was formed. Subsequently, influenced again by resistance above, it suffered a sharp decline, forming a pattern of rising and falling within the day. The recent volatility remains quite significant. In the morning, a low-buy was suggested; in the afternoon, high-selling participation was recommended. Both signals were provided, and there is no shortage of trading opportunities today. As the year-end approaches, if you want to recover losses and cash out, follow Lao Chen, who will guide you step by step onto the right track. Mindset determines happiness or suffering; perspective determines success or failure. Keep things simple, and trading will be peaceful. Sometimes, it’s better to be defeated against the trend than to indulge in self-reflection. A drop of ink can pollute a cup of water but is hard to pollute a river because a broad mind can contain more. A single sentence can influence one’s mood temporarily but cannot decide a person’s entire life, as destiny is in your own hands.
From the daily chart perspective, the sideways consolidation continues, with a doji star forming on the daily chart, indicating uncertainty between bulls and bears. To further confirm the recent trend, the next daily candle needs to close as a bullish or bearish engulfing candle. However, the bullish volume is gradually shrinking, and the Bollinger Bands are still running parallel. Looking at the four-hour chart, today was also a day of bulls recovering upward, but it has yet to break out of the resistance zone above. Currently, a pattern of rising and falling has appeared again. The overall trend still revolves around upward recovery, and the pullback provides an opportunity to enter long positions. In the short term, as long as the price does not break below 90,000, we can still maintain a low-buy strategy for subsequent trading.
On Monday night, consider going long near 90,400-90,200 for Bitcoin, aiming first at 92,500. After breaking through, hold for further gains. For Ethereum, go long near 3,100-3,080, aiming first at 3,200.