Bitcoin and Ethereum Evening Market Forecast and Advice

Folding King Perspective:

1. The double bottom pattern combined with a breakout is temporarily the main trend for stabilization.

2. After the ABC wave of decline is completed, a correction follows, only the a1b1 wave has occurred, and one more c1 wave is needed.

3. Tonight, the gold closing did not hit a new high, indicating that the risk aversion sentiment has been somewhat released.

4. Regarding how high this rebound can go, the key level to watch is 3080. Tonight might be a test; whether it can hold steady depends entirely on the subsequent market trend.

5. I previously mentioned that on Tuesday, 345 was the expected correction date. On the daily chart, three large bullish candles must appear, surpassing the midpoint of the previous large bearish candle; otherwise, the trend is only a rebound and cannot be considered a reversal.

6. Currently, the shakeout is intensifying. When trading, everyone must set proper stop-losses and only enter at good levels.

7. Regarding yesterday’s false breakout, I actually anticipated it, but the timing was too long, and I couldn’t keep an eye on the market for everyone. (Judgment point: a pullback can still be pulled back, and during its decline, there was no volume increase.)

8. The entire afternoon today was spent in symmetrical triangle convergence. Everyone should pay attention to which direction it breaks out; after a breakout, wait for a pullback confirmation before entering.

9. Ethereum’s movement is not very regular. It has one less downward five-wave correction structure compared to Bitcoin, so sometimes it moves weakly, and other times it is relatively strong.

10. Today's suggestion is to support low positions at lower levels and add long positions; at higher levels, consider shorting. Support and resistance levels are based on daytime subscription points!#加密行情预测