5.9 BTC, ETH Midday Analysis

A loss is a loss, and we must keep working hard. I didn't expect to soar this high without a decent pullback. Fortunately, there are stop-losses waiting. Holding onto positions is a big taboo. There must be many friends who are reluctant to cut losses and have been blown out, but it's okay. Adjust your mindset; experiencing losses is a blessing. After feeling the pain, you will remember. Recently, mainstream volatility has been too large, so remember to control your position size when opening trades and set proper stop-losses.

Key Levels:

$BTC : Watch the upper resistance levels at 103888 / 105300 / 106888 / 108500 / 110000

Watch the lower support levels at 108000 / 100000 / 98500 / 95500 / 93600

$ETH : Watch the upper resistance levels at 2370 / 2530 / 2630 / 2730 / 2850

Watch the lower support levels at 2300 / 2250 / 2150 / 2100 / 2000

Entry Point Strategy:

BTC: Short near 105000, stop-loss at 106888, target around 100000

ETH: Short near 2530, stop-loss at 2630, target around 2250

I won't chase the long position anymore, nor do I dare to. After thoroughly wiping out the bears this time, there will definitely be a deep correction. The bears will go all out, so let's wait for the right position slowly. If you can't catch it, just observe for a while; the volatility is too large.

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