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The biggest enemy in the crypto world has never been the market trend, but greed, impatience, and blindly following the crowd.
Less luck-based all-in bets, more rational planning, steady progress, and cautious advancement will take you further than aggressive risks.
Yesterday, Bitcoin surged to around 82,828 and then started to pull back, currently dropping to around 80,767, with most of yesterday’s gains essentially erased.
Ethereum also surged to around 2,422 yesterday before entering a correction, now falling to around 2,311.
From a technical perspective on the four-hour chart, after a series of strong breakouts, it has begun to pause.
This pause is still considered a correction, as previously discussed, but since the upward space is quite large, a casual retracement can change the current bullish structure.
In the short term, it’s important to judge strength or weakness based on pattern and closing momentum.
After touching the high point last night and pulling back, all the gains have been erased, indicating short-term weakness, but the overall bullish trend remains unchanged.
On Thursday, buy around 80,500-80,700 for Bitcoin, with targets at 82,000-83,000.
For Ethereum, buy around 2,310, with targets at 2,400-2,425. $BTC $GT $ETH