Remember, there are no shortcuts in the crypto world. Slow is fast, and only by surviving can you seize opportunities. The turbulence you endure today and the experience you accumulate will eventually become the light that illuminates the path to wealth at a certain cycle point. Stay calm, be patient, weather the storms, and you will see the rainbow. After last night’s sharp rise and retracement in Bitcoin/Ethereum, the white market layout around 91500 to 92000 and near 3290 for long positions, Bitcoin led the decline with little room for movement, while Ethereum repeatedly surged to around 3370 and 3340, capturing some space. In today’s day trading layout, Bitcoin gained over 1404 points! Ethereum also gained over 99 points simultaneously!

Currently, Bitcoin’s daily chart maintains a clear upward trend overall. Although there is a short-term phase correction, it is merely a normal technical adjustment during trend development and has not disrupted the core bullish structure. From a technical perspective, such a correction does not signal a trend reversal but indicates healthy market self-adjustment. Its main function is to digest the profit-taking pressure accumulated during the previous rally and to clear floating chips in the market, thus accumulating momentum for further price increases and challenging new highs. Operation-wise, it is recommended to maintain a bullish outlook.

Follow Gong Zhonghao: Always Winning Looks at the Trend

Trading suggestions:
Bitcoin: Around 92000, hold long, target 96000

Ethereum: Around 3300, hold long, target 3500

$BTC $ETH