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Bitcoin's small timeframes appear complex and diverse at first glance, with much market speculation. The daily chart structure is clear, and it is still in a bullish continuation without breaking out.
Do not chase highs until the previous peak is broken, and do not chase lows until the previous low is broken. While you are chasing the enemy, you should also be wary of them setting up an ambush on their escape route; mindlessly chasing at this moment would mean losing.
Execution was on point yesterday; the plan stated that Bitcoin's price would rebound near 101350 and it hasn't reached the point of significant buying yet. The structure has not been broken, and the downward pressure has not activated. I repeatedly emphasized risk control, warning of the possibility of a pullback to form a secondary high, and indeed, we are currently building a double bottom, with a relatively stable lower side.
Friends who are short should have reduced their positions, right? If the upper level breaks the previous high (105000), it will definitely aim for 106000 with no resistance; who knows if it will reach 110000, so the risk increases and should not be taken lightly.☀️
That said, there is also a shorting opportunity here; if 105000 cannot be breached, it merely creates a secondary high, and the downside could have at least around 2500 points of space. However, with the double bottom already forming, caution is even more necessary when looking to short. Pay attention to changes in volume; a strong bullish candle breaking 105000 on the hourly chart is a good time to chase the price up.
Ethereum is moving independently; as long as the market doesn’t drop, the potential for strength is significant, and it’s not yet time to short. Focus on a low-buy strategy during the day. Look at the range of 2585-2600, aiming for 2750-2800, with a stop at 2550.
Bitcoin has broken 104500-105000, continuing up towards 106600-108000, with a stop at 103000. ☀️
Looking to short at 104856, target 103200-100700. Remember to defend at 105888#以太坊安全计划 #美国加密立法 #Binance #ETH🔥🔥🔥🔥🔥🔥 #贸易战缓和 $BTC $ETH
