Crypto钟良
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Bearish
7.3 BTC/ETH Market Perspective:
The big bullish candlestick has forced the shorts to close their positions, with a surge of 4000 points yesterday. As a short seller, I've been quite nervous and couldn't stop the losses, temporarily avoiding the sharp rise of the bears. At midnight, I suggested to everyone that we could short around 109500 and 110000, watching for a pullback. The current price is around 108500; if you entered a short position, you can continue to hold, paying attention to 108000, which is the lifeline for both bulls and bears.
Yesterday's explosive rise broke through the previously drawn downward trend line, but after reaching a high, the price has pulled back down and is now below the trend line, so the price is not yet stabilized. The bulls should not be overly complacent either. I personally do not recommend directly chasing the rise for new highs, as it is possible that the previous shorts could push the price down to 105000 and then suddenly reverse upward. We must be cautious of the market manipulating a sharp drop! It's not that I only know how to short; rather, I want to inform everyone of the potential risks in advance.
The lifeline for Bitcoin is at 108000; if it does not break this level upon a pullback, the price will continue to rise, facing resistance at 110300 and 111300. If the market falls below 108000, then the rebound will have ended, and yesterday's surge was merely to eliminate the shorts. The price would continue to pull back, with support at 107000, 106000, and 105000. Therefore, it’s crucial to focus on the gains and losses around 108000 today. For those being cautious, it’s advisable to wait for a break below 108000 before participating in shorts, aiming for 105000 for profit. For the aggressive traders, you can short around 108500, then reduce your position at 108000. If it falls below, you can aim for 105000, and if it rebounds, protect your capital and look for opportunities to go long towards 110000.
For Ethereum, pay attention to the lifeline around 2500. If it breaks below 2500, the bulls will retreat, with lower support at 2450 and 2380. If the support at 2500 holds, then the rebound can continue, facing resistance at 2620, 2670, and 2730.
In terms of operations for Ethereum, there are also two approaches. The cautious ones should wait for a break below 2500 to short down to the 2380 level. The aggressive ones can short directly around 2560, reducing positions at 2500. If it breaks below, aim for 2380; if it does not break and rebounds, close short positions and look for opportunities to go long towards 2730.
The above is only my personal perspective and may not be correct. Please treat this rationally, and do not get too carried away. Avoid heavy positions; do not increase your stake just because of losses, as wealth does not come in a rush! #美股代币化
The big bullish candlestick has forced the shorts to close their positions, with a surge of 4000 points yesterday. As a short seller, I've been quite nervous and couldn't stop the losses, temporarily avoiding the sharp rise of the bears. At midnight, I suggested to everyone that we could short around 109500 and 110000, watching for a pullback. The current price is around 108500; if you entered a short position, you can continue to hold, paying attention to 108000, which is the lifeline for both bulls and bears.
Yesterday's explosive rise broke through the previously drawn downward trend line, but after reaching a high, the price has pulled back down and is now below the trend line, so the price is not yet stabilized. The bulls should not be overly complacent either. I personally do not recommend directly chasing the rise for new highs, as it is possible that the previous shorts could push the price down to 105000 and then suddenly reverse upward. We must be cautious of the market manipulating a sharp drop! It's not that I only know how to short; rather, I want to inform everyone of the potential risks in advance.
The lifeline for Bitcoin is at 108000; if it does not break this level upon a pullback, the price will continue to rise, facing resistance at 110300 and 111300. If the market falls below 108000, then the rebound will have ended, and yesterday's surge was merely to eliminate the shorts. The price would continue to pull back, with support at 107000, 106000, and 105000. Therefore, it’s crucial to focus on the gains and losses around 108000 today. For those being cautious, it’s advisable to wait for a break below 108000 before participating in shorts, aiming for 105000 for profit. For the aggressive traders, you can short around 108500, then reduce your position at 108000. If it falls below, you can aim for 105000, and if it rebounds, protect your capital and look for opportunities to go long towards 110000.
For Ethereum, pay attention to the lifeline around 2500. If it breaks below 2500, the bulls will retreat, with lower support at 2450 and 2380. If the support at 2500 holds, then the rebound can continue, facing resistance at 2620, 2670, and 2730.
In terms of operations for Ethereum, there are also two approaches. The cautious ones should wait for a break below 2500 to short down to the 2380 level. The aggressive ones can short directly around 2560, reducing positions at 2500. If it breaks below, aim for 2380; if it does not break and rebounds, close short positions and look for opportunities to go long towards 2730.
The above is only my personal perspective and may not be correct. Please treat this rationally, and do not get too carried away. Avoid heavy positions; do not increase your stake just because of losses, as wealth does not come in a rush! #美股代币化
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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