Many things are predetermined by nature, and it is fortunate for us to encounter them. This is by no means an empty phrase. It depends on how we face it. As long as we dare to take a step and take action, it will never be too late. Bitcoin's annual line is closing, the price surged and then fell back. When the market is overwhelmingly one-sided, it is the end. Enter the market calmly, exit or wait when it's crazy. This is a common trading technique.

Bitcoin opened high and closed low yesterday. In the Asian session, it started to decline from the high point of 43,850, and in the European and American sessions, it accelerated to the bottom after breaking through the critical point of 43,000. The bears stopped at the 42,320 level at midnight. The previous cycle of Yin and Yang in the past few trading days was broken. Unfortunately, the long positions we set up yesterday were knocked out. For the current market, treat the consecutive decline on the daily chart as a weak correction. As long as the range is not broken, the strong momentum remains unchanged.

From a technical perspective, looking at the four-hour chart, the candlesticks stabilized around 42,100 after probing the bottom. This position happens to be the previous support area. There is rarely a continuation of a sharp drop in the morning. For the time being, this retracement seems to have been completed. In terms of operation, we still maintain a low long rhythm. The retracement is an opportunity to get on board. This is not a one-sided upward trend. It is normal for the high point to encounter resistance and retrace lower. Don't think of a decline as a peak.

Bitcoin: Long at 42,100-42,300, target 43,000, stop loss at 41,700

Ethereum: Long at 2,325-2,335, target 2,385, stop loss at 2,290

Investment carries risks, and caution is needed when entering the market. If your trading is not going well and you feel confused about the future market, you may consider seeking warmth here with the teacher. As long as you strictly follow the prompts, you will definitely be able to succeed!

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