September 29 Kunpeng Market Analysis: The market engine has switched! Clinging to "emotions"? You will be eliminated!

Bitcoin broke through the upper edge of the weak oscillation range today, ushering in a wave of upward movement, and the market instantly boiled over. The gloomy atmosphere that lingered yesterday was completely reversed as the K-line rose, and such scenes are actually not new. Most people often overlook the position of the market during a decline and the upcoming objective trends, instead being swayed by emotions, gradually deviating from the essence of trading.

From the trend, Bitcoin is expected to end its pullback, but friends who have not entered the market should definitely avoid chasing the price. If Bitcoin can successfully rise back to around 113,000, complete the pullback, and stabilize, entering during the consolidation phase would be more prudent. The logic for Ethereum is the same; we need to wait for a pullback at the resistance level of 4,200 before determining the timing to enter. Although there has been a small-scale rally in the market, it is still impossible to confirm that a reversal has been established; sentiment is the biggest enemy in trading.

If you are afraid to enter the market every time there is a drop, then at least don't blindly chase highs during an uptrend. A few days ago during a video analysis, I mentioned that if you are in cash, you can start accumulating around 4000 for Ethereum. I also entered several positions at the bottom because I had already done a thorough job of position management - what about you?