The market for $BTC is always fluctuating. Instead of exhausting yourself chasing highs and cutting losses, it's better to plan ahead and let discipline make the decisions for you. In the evening, Bitcoin is expected to fluctuate within the range of 108600-107900. Ethereum has retreated from the high of 2560 to around 2528, oscillating with truth. After the evening's suggestion from Yuntu for a short position near 108600, resulting in a gain of over 600 points, students were advised to reverse and go long, capturing nearly 600 points again. Both long and short positions together yielded over 1200 points. The short position for Ethereum near 2560 captured over 30 points.
The 4-hour chart is forming a symmetrical triangle, with a golden cross near the MACD zero line appearing for the first time. The breakout level above is 108800 (target 109500), with a support level below at 107500. Ethereum is currently facing resistance in the range of 2550-2560. It is important to note that the current volatility has risen to 85; it is recommended to manage positions well to avoid high-leverage operations during the U.S. market. On-chain data shows that BTC balances on exchanges have hit a 3-year low, while large wallets continue to accumulate, indicating a solid bullish foundation in the medium term. The current recommendation is to focus on "low long positions primarily, with high short positions as a supplement" for swing trading.
Bitcoin suggestion: 108000-108200 for low long (stop loss at 107700, target 109000), 109200-109500 for short trial (stop loss at 110000)
Ethereum suggestion: 2530-2540 for low long (stop loss at 2515, target 2580), 2585-2595 for short (stop loss at 2610)
