The market for $BTC is always fluctuating. Instead of getting exhausted from chasing highs and cutting losses, it’s better to make plans in advance and let discipline make decisions for you. Tonight, the large Bitcoin is expected to fluctuate in the range of 108600-107900. Ethereum is retreating from the peak of 2560 to oscillate around 2528. After the evening's guidance from Yunlu, where we took a short position near 108600 and gained over 600 points, students were advised to go long, resulting in a further gain of nearly 600 points, totaling over 1200 points from both long and short positions. The short position near Ethereum 2560 gained over 30 points.
The 4-hour chart forms a symmetrical triangle, with a golden cross appearing near the MACD zero line. The upper breakout level is 108800 (target 109500), and the lower support level is 107500. Ethereum is currently under pressure at the resistance zone of 2550-2560. It should be noted that the current volatility has risen to 85, and it is recommended to control positions to avoid high leverage operations during the US trading session. On-chain data shows that the BTC balance on exchanges has hit a three-year low, while large wallets continue to accumulate, indicating a solid bullish foundation in the medium term. Currently, the recommendation is to focus on "low longs as the main strategy, with high shorts as a supplement" for swing trading.
Bitcoin recommendation: 108000-108200 low long (stop loss 107700, target 109000), 109200-109500 trial short (stop loss 110000)
Ethereum recommendation: 2530-2540 low long (stop loss 2515, target 2580), 2585-2595 short (stop loss 2610)
