The Middle East conflict has completely exploded, with plot twists more outrageous than TV dramas!



During the Spring Festival, I didn't update any articles or arrange any live trading orders. Many friends have been asking, afraid of missing out on the market opportunities. Actually, I also fear missing the market, but the market isn't everything in our lives, and we can't catch all the opportunities. So, what we should do is focus on understanding and confirming the market within our cognition.

Similarly, in the past couple of days, due to unexpected events, Bitcoin/Ethereum prices have fallen back to the bottom and are oscillating. Last night, the US stock market's risk aversion sentiment provided strong support for a rally. After a small rebound, the market is in a state of oscillation and recovery, mainly staying around key support levels during the day.

Although the technical rebound has slightly retreated, the biggest uncertainty now is the Middle East situation. Currently, this is the main reason. The resistance above Bitcoin is around the high point of 70,000 from last night. Ethereum's rebound also touched above 2000, but this surge and pullback do not mean the end of the upward trend. Short-term oscillations are building momentum for the future.

Yesterday was also the first day of returning to trading. Overall, the result was a good start. The market moved as expected with some volatility. Bitcoin was waiting for an entry point below 66,000 before the US stock market opened. Based on actual indicators, the 65,000-65,500 range is a high-volume retracement zone. All indices and macro factors have been showing confidence in shorting the market, which is simply a normal retracement followed by an upward trend.

Last night, the long positions around 65,500 on Bitcoin were successful, breaking through the 70,000 resistance on the daily chart, with profit-taking targets hit. Ethereum moved faster after European trading hours, bouncing twice around the 1900-1930 range. During the US session, Ethereum rebounded to around 2080. When will the grapes ripen? You have to wait patiently. The key to a strong start is to be bold and vibrant.

During the day, Bitcoin's decline has not broken below minor support levels. Ethereum remains above 2000, oscillating around 67000. It stabilized around 67000-67300 with multiple buy orders. Resistance is at 69500-70000. Once the daily chart breaks through 70,000, focus on 71,000-71,500.

Ethereum is also accumulating in the 1960 range, with European and US markets looking for a rebound to 2050-2100. If the rally continues, consider reducing positions at 2150. Defensive strategies should be based on individual holdings.

Focusing on the 90-transaction system, I wish everyone all the best…#Strategy上周购入3,015枚比特币 $BTC
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