Thursday Afternoon Bitcoin and Ethereum Market Analysis and Short-Term Strategy
Looking back at the bullish perspective given in the morning, the long positions laid out in the morning have once again reaped profits and exited. In the short term, the 108500 line has initially realized a pressure/support conversion, but market risks still exist, and one must not let their guard down. Market Reminder: The key to trading is to avoid arrogance and impatience. The market is never short of cases where one loses direction due to momentary success and ultimately fails. If you have not been able to keep up with this round of strategy and missed profits, there is no need to be discouraged or jealous—this is the cruel nature of the market. Every hesitation or miss may mean a brush with opportunity. Blaming failure on fate is just an excuse! To survive in the market, it is crucial to maintain vigilance and discipline at all times.
From the current market perspective, after the virtual currency has risen above 109000, the upward momentum has slowed down, and resistance effects have emerged above. It is expected that in the short term, it will maintain high-level fluctuations and consolidations to accumulate momentum for the subsequent assault on new highs. This structure is the main feature of the current bullish trend.
Short-Term Strategy:
Pay primary attention to the resistance level of 109500 for Bitcoin.
If there is a strong breakthrough, the target can look up to the 110500 line.
The short-term target range for Ethereum is looking at 2620-2680.
