The path to profit is not crowded because few people persist; success requires continuous learning, but few people are willing to learn. The road to profit requires preparation, but few are prepared. No one will pay for your pain; profit is your own matter. But mutual support makes us calm and composed; walking together makes the scenery charming. The ends of the earth are just a short distance, and cooperation is nothing more than that! The recent ideas I’ve shared have all been verified one by one. Those who have followed Lao Chen’s ideas recently can say they are already making full gains; most VIP group members have already achieved a reversal of their positions. Many people ask, how should we handle this current market? I can only summarize it in four words: “Buy high, sell low.” In the early stage, the market surged high, clearly showing bearish sentiment, but don’t chase the short positions. The support at 70,000 still remains strong; over the weekend, it retreated to 70,566, and this morning it rebounded again, with the bulls gaining strength once more. This is how the market is; with proper timing, reversing positions becomes a matter of ease.

From the current market situation, the continuation of the Hangqin is very poor, maintaining a wide-range oscillation within a certain zone. Surging high and then falling back, probing lows and then rising again, is almost a characteristic of the current Hangqin. Whether it surges strong or weakens, it’s difficult to form a dominant trend. Although the price fluctuation range is relatively large, its continuity is not very strong. The upward pace is slow for now, but there is still room for movement. At this time, don’t blindly follow short positions. Over the weekend, focus on buying the dip during the low consolidation phase; if the rebound is clearly resisted and pressured, then follow the trend with short-term short positions. If the decline cannot be effectively extended, look for rebounds during the low consolidation phase. On Monday morning, it’s best to treat it as a buy-on-dip situation.

Bitcoin: 71,000-70,800, buy, target focus on 72,500
Ethereum: 2,180-2,160, buy, target focus on 2,300