$BTC

When the 5.1 level of 96000 broke through, I went long and also traded Ethereum on the side.

Some say I lost too much on shorts, then switched to chasing longs, and that I would inevitably face a setback within a week. Setting a target of 100,000, others say looking at 100,000 is like using binoculars, you can't see it at all. In essence, the thinking is too limited. The conversion between long and short can be observed through candlestick charts.

In the current market situation, you should avoid trading Ethereum both long and short, as the volatility is extremely high, and the profits are much greater than Bitcoin, but the losses are also significantly larger. Moreover, you can't set a stop-loss for Ethereum due to its high volatility; effective long and short stop-losses start at 100 points.

Now, regarding Bitcoin, the daily chart is in a primary upward wave of five waves, and you cannot confirm whether the fifth wave has finished. Although various indicators suggest a bearish outlook, I personally believe that 105,000 is still not the top of the daily fifth wave. Therefore, going short now is not advisable. The final landing point may come extremely close to 110,000 or directly break through 110,000, which would then lead to a pullback of 5000-7000 points. So if you want to short, you need to wait for opportunities and the right timing.