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Don't fight the market; the trend is your friend until the very end. When facing floating profit drawdowns, human nature will urge you to take profits, and frequent chart watching will amplify the anxiety caused by short-term volatility—this is a common pitfall for many. Holding your positions and maintaining your direction will maximize your profits. Over the weekend, the price action moved relatively slowly, spending most of the time in small-range consolidation. Intraday BTC cycled within the 71,300-70,200 range. Ethereum cycled within the 2,105-2,060 range. Overall, both BTC and ETH are in correction mode with smaller price movements.
From the current chart perspective, BTC's daily long upper wick closed positive again, with a failed attempt to break through the 74,000 level. This formed a sharp pullback. The overall uptrend exhibited a volatile consolidation pattern with rapid rises and falls—quite different from the previous strong one-sided squeeze. Due to the large seesaw space in the price swings, today's price correction action is within normal range and expectations. Currently, the price is repeatedly testing support levels with weakening bounce strength, indicating that the support level cannot effectively sustain continued strength. After multiple tests, the support level's effectiveness is diminishing. In the short term, each pullback can be viewed as momentum for bullish advancement and treated as a secondary level reference. In the short term, adopt a consolidation approach overall; each pullback presents a good opportunity to add to long positions.
Sunday midnight and early morning: BTC at 70,000-70,200 can go long, target first focus on 71,500-72,000.
Ethereum at 2,050-2,060 can go long, target first focus on 2,150. #PI #BTC #ETH