The fluctuations continue, profits keep coming! The overall rhythm of Bitcoin has slowed down this morning, with limited volatility. After a rebound to 108880 late last night, it started to pull back. This move allowed us to directly secure over 600 points from the short positions arranged this morning, which was remarkably simple. It has always been emphasized that in a fluctuating market, as long as the key interval nodes are identified and acted upon in time, success is achievable. The market is static, but our thinking is dynamic; understanding how to adapt is the key to victory. Do not approach it with a rigid mindset!
From an overall structural perspective, the range-bound fluctuations are evident, and the market trend grips the hearts of countless people. After a period of volatility, Bitcoin has once again fallen below recent lows, showing signs of a weakening trend clarity. From a technical structure standpoint, various indicators reflect intense market competition between bulls and bears, with bearish forces seemingly having the upper hand at present. The critical time node in the current market is approaching, which may become an important turning point for Bitcoin's market trend. In the absence of an effective breakthrough at the upper resistance level, continuing with short positions may hold some rationale. As long as the resistance holds, it means the upward potential is limited, and bears may take the opportunity to further suppress the market.
Bitcoin is looking to arrange short positions around 108500, with a target focus near 106500.
Ethereum is looking to arrange short positions around 2520, with a target focus near 2400.