The Anglo-American collusion boosts the strong rise in cryptocurrency prices, beware of a pullback that could liquidate longs! 5.9 Bitcoin operation strategy

After Trump announced a trade agreement with the UK, expectations for easing trade tensions drove Bitcoin to break through the $100,000 mark for the first time since February of this year, surging over 7% early Friday morning, reaching up to $104,000; Ethereum surged more than 20% during the day, breaking through $2,200. The bears suffered heavy losses yesterday, and I was no exception. This kind of market influenced by sentiment is beyond my comprehension and really hard to control!

From a technical perspective, the daily candlestick closed with a huge bullish candle, marking the fourth consecutive bullish day, and the price has broken the upper track, with all three tracks trending upwards. The KDJ lines have crossed upwards and are currently showing a clear slowdown. The MACD lines are extending upwards again from a high position, with a slight increase in trading volume! A sharp rise in the market must be followed by a pullback, so let's first look for a pullback today!

Based on the previous round of Bitcoin hitting $100,000, Ethereum still has a long way to go. If Bitcoin doesn’t drop, then Ethereum has the potential for a catch-up rally. However, if Bitcoin pulls back, then Ethereum will definitely collapse! Let's first look for a pullback today, and follow the overall trend to go long! Pay attention to resistance levels for Bitcoin at $104,300, $105,000, and $106,000, and support levels at $101,000, $100,000, $99,000, and $97,000.

5.9 Bitcoin operation strategy: Short one hand at 103,000-103,800, with a stop loss around 104,500, targeting 102,500-102,000-101,000, and if it breaks, look around $100,000, hold depending on the situation!

5.9 Ethereum operation strategy: Short entry at 2,240-2,280, with a stop loss around 2,320, targeting 2,180-2,150-2,100, and if it breaks, look around 2,080-2,050-2,000.

Long strategy: Bitcoin's $100,000 is the battleground for bulls and bears, look to go long around $100,000 on a pullback, with a stop loss at $99,000, targeting 101,000-102,000-102,500-103,000, and hold depending on the situation!

For Ethereum, look to enter around $2,000 on a pullback, with a stop loss around $1,960, targeting 2,050-2,080-2,100, and hold depending on the situation at 2,150-2,200-2,250.

It has been a long time since there has been such a large single-day increase, and such a surge will definitely lead to a pullback, so let's first look for a pullback today, gradually move stop losses to protect profits, and once the decline stops, we can enter long positions in batches. Friday is prone to black swans, so be careful not to hold positions!