The analysis article in the early morning suggested a short position for Bitcoin at 10.36 and for Ethereum at 2610-2640. After the rebound in the early morning, the entry price was reached, with Bitcoin gaining over 1800+ space and Ethereum making over 100+ profit. In terms of short-term trading segments, it is still quite good. Friends who followed also reaped considerable rewards.
In the evening, Bitcoin is still in a high-level oscillation and correction phase on the daily chart, with indicators leaning towards bearish sentiment. Looking at the 12-hour chart, the current short-term resistance reference is at 103500; all indicators are leaning towards oscillation and correction. The daily K-line is about to form a rounded top shape. If the coin price cannot effectively break through the short-term resistance at 103500, it can be confirmed that the coin price will retrace to the support of 100000. Therefore, my personal view for the evening to early morning is to maintain a short-term high-level trading strategy.
Trading strategy: 102500-103500 range; Target: 101500-100000 is sufficient; Stop-loss: 103800
Ethereum is synchronizing with Bitcoin in the short term, with an overall trend leaning towards oscillation and correction, and its highs continue to decline. Once it breaks below the short-term support at 2510, the bearish trend will accelerate, and reaching 2430-2400 is just a matter of time. Therefore, a short-term strategy of high shorting on rebounds is adopted.
Trading strategy: 2550-2580 range; Target: 2500-2450 is sufficient; Stop-loss: 2600
Personal views are for reference only; exercise caution when entering the market.
