While testing support under pressure, this is when your conviction is put to the test! After last night’s sharp rally, it may be difficult for the upward move to continue in the short term. Prices came under pressure and fell this morning, trending lower throughout the session. BTC tested support near 82,600, while ETH also fell to around 2,430. If you panic at a time like this, you’ll only take a beating. The long position at 83,500 mentioned this morning came with a reminder to add to your position and adjust around 82,800. If you followed the plan, simply hold your position steady.

The market is gradually stabilizing, with a clear bottom forming. On the four-hour chart, selling pressure pushed prices lower on increased volume, with a bearish candle’s wick dipping toward the middle band. This was followed by stabilization on increased volume, as bullish momentum gradually picked up. On the hourly chart, prices are moving sideways and consolidating near the bottom. The market continues to range near the base, with persistent, closely spaced wicks, making it difficult for the downward momentum to continue. Selling volume on the pullback is gradually weakening, while prices rebound. So, for the next move, we can follow the trend and go long. If you’re holding losing positions, manage your position size carefully.

BTC: Long near 82,800; target 85,000
ETH: Long near 2,435; target 2,530

#股票财报季 $BTC #以太坊突破2500美元 $ETH #比特币跌破8.4万美元 $SNDK