🚨5/29 Morning BTC/ETH Market Report🚨
🔶 Yesterday's Market Review: Ethereum publicly announced to everyone to enter long positions around 2609, and the subsequent market moved down to around 2606 after we entered. It reached our second target near 2718. The position has now suggested to everyone to liquidate 80% of their holdings; for those who are cautious, it's better to exit directly.
🔶 Bitcoin's lowest point yesterday morning was around 108339, after which we entered long positions at 108367, and it reached around 109100, which prompted us to reduce positions. The early morning drop reached the line of 106723, with some people exiting after reducing positions to break even. For those who did not exit, the average entry point for the second and third buy-in levels is around 107700. This morning, we also suggested exiting 80% near 108300. Now, pay close attention to the resistance level around 108600; if it cannot break through, it will continue to decline.
🔶 Bitcoin needs to focus on the benchmark resistance near 108600 and the top of the cloud layer. It is currently close to this resistance level, so it's not advisable to chase long positions at high levels today. As for yesterday's Bitcoin, if it's still nearby, it's better to liquidate. Ethereum's current price near 2720 is also the second target of our previous strategy around 2718. Additionally, the daily Bollinger Bands have not shown significant opening signs, so the risk of a major pullback still exists. Therefore, it is not advisable to continue chasing long positions at high levels today. All strategies today involve placing low orders: while it's not guaranteed to fill, do not chase high prices. If you can enter, then do so; if you cannot, I will update the strategy in the evening, or wait for a breakout of this resistance zone and see if there is an opportunity to enter upon a pullback. Details are as follows:
🔶 Ethereum $ETH : Place orders around 2558 to 2523 for long positions, defend at 2480, targets are 2619 to 2670 to 2718 to 2789, with entry and exit points having a ±5 point deviation.
🔶 Bitcoin $BTC : Place orders around 105425 to 104635 for long positions, targets are 106856 to 108300 to 110400 to 112000, with entry and exit points having a ±100 point deviation.
⚠️ All entry and exit points mentioned above are conclusions drawn solely from market charts and technical indicators, which are subject to real-time changes and news stimuli. Please adjust according to your individual circumstances. #比特币2025大会