Prepare to start the pullback, seize the opportunity, let's get the pullback going!

When the price of Bitcoin hits all-time highs, the market heat and risk coefficient are rising exponentially. The latest public opinion monitoring data shows that the market sentiment indicator has touched 78% of the all-time high range, and this early warning signal is like a sword of Damocles hanging high, indicating that the market may face a key turning point in the "double top" structure. In the current complex global financial game, China-US negotiations have become the core variable that affects the market. In the face of uncertain external rhetoric, investors need to remain sober - as the price of bitcoin continues to surge, the return-risk ratio of current investments has decreased significantly, and the traditional investment motto "greed in fear, caution in greed" is even more warning at this time. From the technical and news aspects, although Bitcoin maintains an upward trend with strong momentum, the potential risks cannot be ignored. At the technical level, the continuous rise in prices has caused it to seriously deviate from the moving average system, and there is a strong need for correction in the short term; At the news level, any policy change or geopolitical event could become a trigger for market shocks. In this context, scientific position management and strict risk control mechanism are undoubtedly an effective shield for investors to resist potential risks. It is recommended that investors pay close attention to price retracement signals, set reasonable stop-loss points, and hold funds while grasping market opportunities.
Bitcoin ushered in a new round of volatility in the early hours of the morning after yesterday's shock adjustment. The price first tried to move up to the $105,000 mark, but was unsuccessful due to heavy selling pressure from above, and then started a volatile pullback pattern. By the morning, the price had slipped to a low of $103,500 and is currently in a volatile position around this level. Looking at the overall structure, the Bitcoin market is in a critical phase of range compression. Affected by the further reduction in market expectations for interest rate cuts, there was a certain pullback in the morning session. On the 4-hour candlestick chart, the upper Bollinger Bands show a clear downward trend, indicating strong resistance above; At the same time, the middle and lower tracks are gradually rising, and the long and short sides are engaged in a fierce game around the price center. It is worth noting that the currency price has been running between the middle and upper bands of the Bollinger Bands for a long time, and although the short-term bulls have a slight advantage, the market as a whole is still in a state of stalemate. Switching to the 1-hour K-line chart observation, the characteristics of the volatile market are more significant. The upper pressure level continues to suppress the price, while the lower support level also shows strong resilience, with the bulls and bears alternately dominating at different times. In the case that the current range convergence has not yet been completed, it is expected that the price of bitcoin will continue to oscillate within the existing channel until one of the forces breaks this situation.
Ethereum has walked out of a relatively independent market trajectory. In the morning session, Ethereum bulls showed a strong offensive, and the price rushed all the way to the $2608 line, but encountered intensive selling pressure from above, and then entered a pullback phase. Throughout the white session, the price of Ethereum fluctuated to the downside, hitting lows twice and reaching as low as $2,433 before triggering a technical reversal. In the early hours of the morning, the price fluctuated to a stage high of $2,527, and in the morning it pulled back due to the impact of Bitcoin price fluctuations, and is currently maintaining a volatile operation around $2,500. From the analysis of the current overall structure, although the price of Ethereum has fallen, the magnitude and scope of this pullback are relatively limited compared with the upside in the previous period. This pullback is essentially a normal correction in an uptrend, which will only temporarily delay the upward pace of the price and will not change its long-term upward trend pattern. It should be emphasized that in the uptrend of Ethereum, each price rise is often accompanied by a certain degree of retracement, and the support range is confirmed by the retracement before continuing to rise. This law has been repeatedly verified in the past market, so it is necessary to closely follow the structure and flexible adjustment of the operation strategy. Based on the current market trend, it is recommended to continue to maintain a bullish thinking. In the follow-up market, focus on the continuation of the price rise, if there is an obvious weak rise or top signal, you can wait for the opportunity to grab the high point to try short operation; If the price continues to maintain a strong upward trend, you can take advantage of the trend to grasp the long opportunity, and at the same time pay attention to setting a reasonable stop-loss and take-profit point to cope with the uncertainty of the market.