Recently, the market has been very easy to operate. This is not just casual talk; based on effective real data, we only need to confirm the valid range, selling high and buying low. Just after midnight yesterday, we directly informed everyone that there was a fluctuation and correction around 95000. We also clearly stated that one could freely short above 95000. The market moved as we expected, with Bitcoin rebounding to around 95400 before starting to decline, hitting a low of around 93678. This bearish trend provided nearly two thousand points of space. Our shorts on Bitcoin also gained 1465 points from this. The market is so easy to grasp; if one cannot manage this, it might be time to change oneself and make appropriate choices.
Bitcoin's daily chart is basically alternating between bullish and bearish. If the previous day was bearish, the current day turns bullish. The range pattern is also moving from a high probe and retreat to a rebound from a low. Throughout the day, the market is basically in a range-bound tug-of-war style, unable to break out strongly in one direction. The gains and losses at the high and low points are still being maintained. Currently, it has been in this tug-of-war state for nearly two weeks, so we need to continue monitoring the gains and losses at the high and low points in the future. From the 4-hour chart, the Bollinger Bands are gradually flattening out, with downward attempts not being sustained and quick retractions after upward attempts. The price is also oscillating around the middle line, making it very effective to accumulate positions whether trading in segments or short-term. Considering the current market and the given patterns, it is the best time for us to accumulate positions. As long as we grasp the high and low points of the range and the entry points well, timely actions can lead to the fastest accumulation of positions.
During the afternoon, one can short Bitcoin in the 94800-95300 range, targeting around 93000; Ethereum can be shorted in the 1800-1830 range, targeting around 1720.