Afternoon Perspective:
In the cryptocurrency space, playing contracts ultimately relies on mindset. Maintaining discipline can protect oneself, and having patience can seize opportunities. The market will ultimately favor those who remain calm, rather than hot-headed gamblers. Truly skilled traders are not those who never make mistakes, but those who can cut losses in a timely manner when they do; they are also not those who try to catch every fluctuation, but rather only engage in trades they understand.
This morning, Bitcoin dropped before rising again, stabilizing around 106,000 before surging to near 107,700.
The current price fluctuates around 107,000, with significant resistance at the 107,700 level and heavy selling pressure. As long as Bitcoin does not break through 107,700 this afternoon, looking for opportunities to short around 107,000 remains a viable strategy. The cryptocurrency market is like an elevator, full of ups and downs that can be quite stimulating. Watching the money in your account fluctuate can inevitably cause anxiety. But this is not the end of the world; it's just the market testing you.
The harshness of the cryptocurrency space lies in its impatience, but that’s also its allure—if you can endure, you will always see opportunities. Don’t just focus on the small fluctuations and run away; many people sell at the lowest point, only to see the market bounce back right after they leave. Look at those mainstream coins; they’ve had their fair share of dramatic drops in history, but didn’t they all eventually rise again?
Bitcoin is short around the 107,300-107,800 range, targeting 105,500.
Ether is short around the 2,600-2,630 range, targeting 2,550-2,530.
