Opportunities in the cryptocurrency world can disappear in an instant, and the volatility is high. Seizing the chance relies on awareness, timing, and execution. After breaking down early Wednesday morning, Bitcoin and Ethereum have been oscillating back and forth these past two days, with prices moving within a range. Bitcoin is in the 105500-103300 range, and Ethereum is in the 2450-2547 range. Both bulls and bears have opportunities, and recent strategies have focused on short-term trades back and forth. Yesterday morning, I went long, making 1200 points on Bitcoin and 45 points on Ethereum. In the afternoon and evening, I shorted twice, earning a total of 2400 points on Bitcoin and 115 points on Ethereum. Now is a good time to accumulate positions; if you are still losing money, it might be better to follow Mengke's real trading for a try.
Looking at the current market, Bitcoin's daily chart shows a doji star with narrow consolidation. At the beginning of the week, it couldn't break above 109000, and mid-month, it fell back below the middle track due to news. Yesterday's movement seemed strong yet not strong; it wanted to adjust but didn't go down. In the short term, there has been high-level oscillation, and the structure is messy, with no clear trend for either side. It's wide-range oscillation and not a sustained strength or weakness. In the short term, treat it as oscillation, with 105500 as the high point and 103300 as the low point, trading back and forth within the range, following the breakout.
Trading suggestions: Short Bitcoin at 105500-105000 on Thursday, targeting 103500; short Ethereum near 2545, targeting 2450.
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