Buying leads to a fall, selling leads to a rise; does the market maker really care about your two U? Yesterday's summary accurately hit the point again. In the early morning, BTC once again challenged the upper resistance level, briefly breaking through but then unable to hold the pressure, subsequently sliding down to the line of 114211. We didn't rush to go long; instead, when the market rebounded after failing to break higher, we entered short at 115487, and later exited at the anticipated 114437. The market fluctuation was also precisely grasped. For those who didn't follow Old Cai's strategy, Old Cai can only say, if your mindset breaks, remember to turn off your phone. The world is vast, and it's not just about rises and falls.

From a short-term perspective, there are signs that the price comparison has come to a halt. From a technical analysis standpoint, there is a valid double bottom support formed around 114200. Looking at the four-hour level, the Bollinger Bands are narrowing and showing a slightly upward trend, indicating that future fluctuations will gradually decrease. The price comparison is also probing above the middle axis, slowly moving upward. It can be seen that the tug-of-war between bulls and bears is not over yet, with mutual suppression. From the hourly chart, after BTC rises to the upper resistance level, it is difficult to break through in the short term. Moving forward, Old Cai still suggests being conservative and maintaining a low-buy approach on pullbacks.
BTC 114900-114400 buy, target 116000; Ethereum 3700-3670 buy, target 3780. #ETH巨鲸增持#