$BTC Thursday Afternoon Bitcoin Ethereum Market Analysis and Short-Term Strategy
Reviewing the bullish outlook provided in the morning, the long positions laid out in the morning session have once again yielded profits and exited. In the short term, the 108500 level has initially achieved a pressure/support conversion, but market risks still exist, and one must not be complacent. Market Warning: The key to trading lies in avoiding arrogance and impatience. The market is never short of cases where one loses direction due to momentary success, ultimately leading to failure. If you have not kept up with this strategy and missed profits, there is no need to feel discouraged or jealous—this is the cruel nature of the market. Every hesitation or miss could be a brush with opportunity. Blaming failure on fate is merely an excuse! To survive in the market, it is essential to remain vigilant and disciplined at all times.
From the current market perspective, after the coin has risen above 109000, the upward momentum has slowed down, and resistance effects are becoming apparent. It is expected that in the short term, there will be a high-level oscillation and consolidation to accumulate energy for a subsequent push to new highs. This structure is the main characteristic of the current upward trend.
Short-Term Strategy:
Focus primarily on the 109500 resistance for Bitcoin.
If there is a strong breakout, the target could go up to 110500.
The short-term target range for Ethereum looks towards 2620-2680.
