Today's Early Market Analysis:
Last night, influenced by news, Bitcoin and Ethereum plunged after breaking through key levels. Fortunately, Bitcoin did not drop below 100,000, and Ethereum did not fall below 2,300.
Currently, we need to wait for the daily candle close to make a judgment. If Ethereum can close with its body above 2,470 and Bitcoin can stay above 104,000, we remain bullish. However, if the daily close cannot hold these two levels, we may shift to a bearish stance. These two levels will also serve as optimal points for a bearish position.
In terms of intraday trading, there are short-term long positions available due to oversold rebounds, but one should not over-leverage or go all in.
Every major market movement reminds us of the importance of opening positions with a stop loss.
We will not blindly open positions without caution, nor will we cause significant losses to our followers.
We aim for steady wins, progressing with caution, so those looking to profit should jump in quickly!
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