Since last week, the cryptocurrency market price has risen sharply, breaking through the 110,000 mark on Tuesday and entering a sideways consolidation afterward. It faced multiple attempts to challenge this level but was met with pullbacks. Starting Thursday, the market experienced significant volatility, initiating a unilateral downward trend, and the positive fundamentals failed to boost rebound momentum. Early Friday, Bitcoin surged to 108,500 due to fundamental influences but continued to decline thereafter, hitting a low of 102,614 in the morning before rebounding; Ethereum dropped from 2,769 to 2,433, and after recovering, it fluctuated above 2,500. Over the weekend, Bitcoin and Ethereum remained in a range-bound state, but with a well-planned strategy, Bitcoin has nearly 6,000 points of potential space, while Ethereum has close to 600 points of space. The overall market is in a weak adjustment phase, and investors need to respond cautiously. Although real trading is publicly available across the network, due to market movements deviating from technical structures and frequent reversals, overall returns have decreased, with the win rate falling to 80%.
Trading focuses primarily on short positions, supplemented by swing trades. This week, Bitcoin accumulated a profit space of 14,207 points, while Ethereum gained 980 points, but several waves of stop losses led to profit reversals. Reflection reveals that the issues stem from greed and misjudgments. Given that the daily consolidation has not broken through the resistance level, it is advisable to observe temporarily, and the subsequent strategy can be based on the oscillation range, employing high short and low long strategies.