The market is always fair; it rewards discipline and punishes luck. Today's decline will wash away all the impatience of chasing highs; it will also solidify those who patiently wait. Cultivate your mind, control your position size, follow the rules, time will ultimately reward the steady.


Early morning Bitcoin faces pressure and pulls back, with weak oscillation at high levels, declining from 78,200 to 77,500, with the bears dominating the downward trend in the range. The rebound mainly involves shorting at the high, with Bitcoin's weakness dragging Ethereum down, with a deeper decline, dropping from 2,350 to 2,320 in the early session.
Bitcoin just dropped sharply from the intraday high of 78,648, plunging to a low of 76,504, a single-sided crash of over 2,000 points.
The 1-minute and small-cycle Bollinger Bands continue to open downward, MACD shows a significant negative value, and bearish momentum is fully dominant. The downward trend has already formed.
KDJ shows only a slight low-level golden cross after being oversold, just a "short-term rebound after a sharp decline," not a trend reversal, nor a bottom.
Bitcoin: 78,300, bearish, target: 77,200
Ethereum: 2,370, bearish, target: 2,230
BTC0,71%
ETH-0,05%
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