The market has entered a slaughter zone! BTC and ETH may face a deadly blow
Market Review:
Yesterday, Bitcoin surged to a high of 115,686, perfectly hitting our preset short order at 115,200, allowing for a smooth entry! Currently, the short position is steadily in profit, with the first take-profit target at 113,300 and the second take-profit at 112,000; patience is key.
Last night, the opening of the U.S. stock market intensified fluctuations in the crypto market. Bitcoin remained stable, while Ethereum showed even more strength, skyrocketing from 3,490 to 3,735, with a daily increase of up to 7%, demonstrating its independent bullish trend. The short position in Ethereum was exited at break-even, which was a close call without any major risks.
BTC Market Analysis
This morning at 7 AM, Bitcoin experienced another drop, falling from 115,686 to around 114,200, aligning with expectations.
Key Focus for the Day:
Near 115,200: Top of the lower range, if it retraces to this area, you can continue to set up short positions.
Stop Loss: If it breaks and stabilizes above 116,000, immediately stop loss and exit.
Short-term Take Profit: 114,000
Medium to Long-term Take Profit: 113,300 → 112,000
The overall strategy remains focused on high shorts, waiting for pullback signals, and ambushing at high points.
ETH Market Analysis
Ethereum also began to decline at 7 AM today, dropping from 3,735 to around 3,650. Unlike Bitcoin's stability, Ethereum has shown significantly larger fluctuations, rising sharply and dropping quickly, making operations more challenging.
Key Focus for the Day: 3720–3735 range: You can set up light short positions here.
Stop Loss: If it breaks and stabilizes above 3760, immediately stop loss.
First Take Profit: 3,610 Second Take Profit: 3,550
Overall, it is still recommended to focus on high shorts, with strict take-profit and stop-loss measures to avoid unnecessary losses from significant fluctuations.
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