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In the early morning, after touching a short-term low, there was a brief consolidation, and in the morning and at midday, there was a slight recovery trend. The bottom reached below provided certain rebound space; BTC recovered from the morning low of 92900 all the way up to 95500. Ethereum followed the trend and also recovered from the lower low of 3000 to 3179. In the morning, I reminded everyone to respond flexibly; the counter-trend short suggested in the morning was also due to the large rebound space. Instead of directly shorting, we first looked at the rebound strength. Therefore, in the morning's actual guidance, I suggested entering long at 93400, which had over 2000 points of space up to 95400. The long suggested near 3080 in Ether has also had nearly 100 points of space up to now. This is the charm of actual guidance; no matter what the market conditions are, it can make the most reasonable planning at the first moment. If you are still watching strategic ideas stagnate, then you are already far behind others.
From the current perspective, after the market dips, there is often a certain rebound. After the morning's pullback to the bottom, the bulls quickly recovered the space below. It can be seen that there is strength in the support below. The bear strength is difficult to sustain downward, and the bulls are gradually accumulating strength. In dealing with the current situation, it is best to approach it with a short-term mindset. For those who engage in short-term operations, the current decline can be treated as a correction, that is, a normal adjustment after the previous bullish rise, and not a reversal of the main trend. Many people hurriedly follow the bears when the market drops, but the current pullback lacks strength and continuity, and the market's rise again puts them in a dilemma. Again, there is no bull that only rises without falling. We should not let short-term declines affect our operational rhythm, nor should we be misled by temporary drops. In summary, after the market correction is completed, it is very likely that the market will re-enter a bullish state, and our midday strategy continues to maintain a bullish outlook.
Bitcoin: 94800-94500 Long Target focus on 96500
Ethereum: 3150-3130 Long Target focus on 3280