The mountains have peaks, and the lakes have shores. Please believe that everything will eventually have a sweet return. $BTC
Although the afternoon market trend deviated somewhat from our proposed ideas, the long positions we provided did not differ much. After the morning's long positions were exited, we took short positions at high levels and once again captured a profit of 1200 points on Bitcoin, and over 70 points on Ethereum. $ETH
Today, we perfectly realized both long and short profits. The overall trend is still dominated by fluctuations. By grasping the upper and lower ranges, we can still primarily focus on low long positions and secondary high short positions for subsequent strategies. The fluctuating market is also the best time to accumulate positions. When a one-sided market arrives, most people may not be able to withstand it, so the recent market conditions can be handled well.
From the current market perspective, the market has once again entered a phase of corrective fluctuations. The rebound in the short term is limited, and the trend is weak. At the same time, there is obvious pressure from above. The multiple rebounds upward are still under pressure without significant breakthroughs. Currently, the market is under pressure at high levels, indicating that there is still an expectation of bearishness in the short term. In terms of daily analysis, first consider the failure to continue the upward rebound, and secondly, it is currently in a narrow range of fluctuations after stopping the rise. Therefore, if the current pressure area cannot effectively break through, expect a drop in high positions, while looking for rebounds at low support levels, maintaining a strategy of oscillating within the range. If there is a breakout during trading, we will make adjustments. The current strategy is still to look for rebounds first.
Bitcoin: 107300-107000 Long Target focus on 109000
Ethereum: 2430-2400 Long Target focus on 2550