Trading Point Sharing for BTC and ETH by Chen Ping'an

Good afternoon, brothers. This wave of Bitcoin hit the bottom near 100300, and as I mentioned earlier, we bought around 100500-101000 to bet on a daily level rebound. Did you manage to catch that? Last night, I started placing short orders from 104500, and I haven’t been able to refill my positions, so the current average price is still 104500, resulting in a temporary loss. Ethereum is relatively weak; I placed a short order at 2520 and made a profit of about seventy points when it reached a low of 2455. The weekend saw a fluctuating market; altcoins are recovering, and next week looks bearish!

Back to the charts, Bitcoin is currently consolidating on the four-hour chart. It retraced to 103800 in the morning session. We should pay attention to the 103800 level; if it doesn't break below, there is still a chance to push upward to 105300-105800-106500. If it breaks below 103800, then we will explore further down, keeping an eye on the 100300-98000-95000 levels for a potential rebound. $BTC

As for Ethereum,

currently, the four-hour support is at 2455. If this level holds, it will continue to test 2480-2530-2580. If it breaks below 2455, we will look for a retracement to 2400-2350-2300-2200 for a rebound! $ETH

In terms of intraday operations,

Hold the short position for Bitcoin at 104500

Hold the short position for Ethereum at 2520

Looking down at 95000-2200

Be patient and wait for a second test of the bottom. As long as the daily level doesn't close above 105000, we cannot be bullish. Do you understand, brothers?

Don't chase highs and sell lows anymore.