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Oscillating consolidation, trending profits; patience through the loneliness of shakeouts to welcome the frenzy of upward surges, follow the trend, time will reward the steadfast bulls. Shakeouts do not break the trend; pullbacks are only for higher rises! Currently, going against the trend to short is all risk; following the trend to buy low and go long is the right way. Keep stop-losses in place, manage positions well, be patient and wait quietly for the dual-token resonance breakout, and the bullish dividends will be safely grasped! Today’s market initially surged strongly, reaching a high of 79,444, setting a new high for this round of rally, then quickly pulled back, retesting support near 76,900. Overall, the day maintained a high-level wide-range oscillation pattern, with rebounds facing resistance and dips being supported. Throughout the day, prices fluctuated back and forth between 76,900 and 78,650, closing back around 77,800, re-establishing above the middle band of the Bollinger Bands.
Currently, the major trend of Bitcoin and Ethereum remains intact, with all intraday retests supported strongly, with no continuation of declines and exhausted bearish momentum. Repeated pinpricks at high levels are just cleaning out short-term holders, not signs of a top. The entire operation involves only buying low and going long, refusing to chase highs, never shorting, building positions gradually, strictly setting stop-losses, and patiently waiting for a breakout and main upward wave. Ethereum today shows strong support and narrow-range oscillation, more resilient than Bitcoin, a typical accumulation and catch-up structure. Retests are opportunities for bulls to enter, holding onto them will surely lead to rebounds.
Bitcoin: buy around 77,750, target: 79,200
Ethereum: buy around 2,260, target: 2,430