Market Update: #美国加征关税
Returning to the midnight strategy layout for the pullback point, after the bitcoin has completed a high-level range oscillation adjustment, it has started to decline. The short positions initiated at midnight have successfully exited, and I wonder if everyone has followed Old Chen's strategy.
Overall, although bitcoin has shown a strong willingness to stop falling at corresponding support levels, the rebound momentum is weak and difficult to stabilize. Therefore, the small-scale structure presents a combination of small bullish and large bearish candles, which clearly indicates an attempt to test support. The lower end shows long shadow lines at closing, indicating that after solidifying support, the rebound will begin.
The structure of Ethereum's movement is similar to bitcoin, but with a slightly larger fluctuation range. Currently, after breaking through the 2560 line, it has begun to rebound.
Therefore, our intraday layout strategy should flexibly grasp entry points based on key resistance and support levels.
In the short term, bitcoin still needs to first look at the support situation at 108500. If broken, pay attention to the 107800 line. For long positions, reference the 107800-107500 range, looking for 109500. $BTC
For Ethereum, synchronize with the 2550-2530 long positions, looking for 2580-2620.
