The essence of trading is survival, and only then is it about profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although Hongwei's suggestions on cryptocurrencies may not make you rich overnight, they can ensure your presence in the market. Only those who survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you understand.

Bitcoin 4-hour market analysis: Currently, Bitcoin has confirmed a new upward trend after a downward trend. It has reached a key support level, the bottom of the upward trend. Whether it goes up or down can be determined by the new 12-hour opening line.

The current situation is focused on two strategies. The first is to break the trend line and touch the low of 1072. If it can form a double bottom at the bottom, a rebound long position will be quite smooth.

The second strategy is to go long directly at this moment without waiting, as the upward waves are increasingly higher. Therefore, the next pressure level is 11134, and the following pressure level is 114.

Ethereum 4-hour market analysis: Yesterday's data was bullish, but the market went against the trend and fell to around 4280.

The Ethereum market has formed a triangular area, and the available space is becoming increasingly narrow. The bottom has been confirmed at 4260-4280, and this position is unlikely to go lower. Looking at the 1-hour chart, there have been five consecutive spikes, only dropping to 4280. Therefore, today is primarily bullish, with the first pressure level at 4350, the second pressure level at 4470, and the third pressure level at 4600.

The biggest pattern given by the current market is to go long during the day and experience fluctuations downward at night. Therefore, taking long positions at low levels remains a relatively smooth approach.

——I am Hongwei, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn with me! Let's share and profit together! Remember Hongwei, always here for you, follow Hongwei and you won't get lost!

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