After providing the strategy for trading Bitcoin at noon, we immediately started helping the new friends join the market. Bitcoin first rebounded to the 95149 line, which aligns with our strategy to short anywhere above 95000. Subsequently, the price fell as expected, reaching a low of 94442. We promptly reminded everyone to exit, and based on the current market trend, the price remains in a consolidation phase. We then took a long position, and Bitcoin adhered to our strategy, pulling up again. The movement was not substantial, and after capturing 430 points on the long trade, we exited in a timely manner. This wave of short followed by long resulted in a total gain of 1008 points for Bitcoin, demonstrating that short-term trading is not just about entry and exit management; as long as timely decisions are made and positions are accumulated, the results can be quite impressive.
From the current market perspective, Bitcoin's daily candlestick is pulling up, but the movement is not significant, and the body of the candlestick is somewhat disappointing, failing to show a strong one-sided trend. Recent analyses have already been shared with everyone, so there isn’t much more to say. The main focus is on grasping the key levels. Currently, the price remains high and is undergoing consolidation and correction. We will continue to monitor the gains and losses at the high and low points. The upper resistance for Bitcoin is at 96000, while the lower support is at 91000. For Ethereum, the upper resistance is at 1860, with lower support at 1700. If these levels are broken and held, we will follow the market structure according to the formation. We aim to assess this by tonight to see if the market can break out of the current range.
Tonight, Bitcoin can be shorted in the range of 95000-95500, targeting around 93000; Ethereum can be shorted in the range of 1810-1840, targeting around 1730.