Don't lose sleep over the sudden rise and fall of Candlestick, nor let temporary ups and downs disorient you. The crypto world is not a casino for overnight wealth, but a practice ground for human nature and understanding. It does not produce wealth, but redistributes value based on varying levels of recognition. Looking back at the early morning, BTC showed a high and low reversal pattern. Yesterday, BTC quickly hit a bottom near 110900 before rebounding rapidly, ultimately rising slowly to around 113900. From the market data, BTC's low point has slightly increased, with the high breaking through the resistance level of 113600 and testing the upper level of 114000. Yesterday, BTC rose while Ether stayed still, deeply dragged down to accompany the drop today.

From the current market data, the BTC daily chart has formed a three consecutive bearish trend, and the daily level has broken the middle track, leading to a second acceleration of the bearish trend. Overall, the trend is clearly bearish, and the bullish resistance is gradually weakening. However, in the short term, the extremely weak one-sided decline has changed to a pattern of probing the bottom followed by a rebound. There is intense competition between bulls and bears in the short term. The 4-hour chart has formed a fluctuating downward trend, with frequent exchanges of bullish and bearish candles, and the small cycle structure relies on the middle track as the critical point. It has already touched the low position, so there is no need to chase the bearish trend at the low. Let's first look for a rebound to go long.
BTC: over 111500, target 113500
Ether: Buy around 3980, target 4200
#BTC战略储备市场影响#