The eldest is timid, the second takes on the heavy lifting, the spring of the altcoins is once again upon us. Good morning brothers, I am the teaching chain. There are no significant data or events this week, so what reflects more is the technical level and market confidence. Yesterday morning, Ethereum led the way, and the altcoins rose, enjoying a moment of glory. The teaching chain started to hint at short positions around 116,000 since last Friday, and then suggested going long around 112,000. Ethereum also synchronized by suggesting longs around 113,500, perfectly exchanging tops and bottoms. Additionally, the teaching chain once reminded everyone that there is no need to fear when the market drops, and no need to be greedy when it rises.

Currently, Bitcoin is around 115,500, and Ethereum is around 3,730. Bitcoin dropped to eat 4,000 dollars, then rebounded to eat 3,500 dollars. Ethereum dropped to eat 350 dollars of space, rebounding from 3,350 to eat another 350 dollars of space. Looking back, it is still like a light boat passing through ten thousand mountains, with the spring breeze and swift horse hooves, seeing all the flowers in Chang'an in one day.

Within the day, the teaching chain believes that the resistance around 116,000-116,500 will not be broken in one go and can rebound around here. The large range of fluctuations will be the main theme of this week, with the fluctuation range between 112,000-116,500. Ethereum has already reached the top resistance around 3,750, but Ethereum has a smaller market cap, so a slight pull can lead to a larger change. Therefore, we cannot approach this simply with a fluctuating mindset, as it can easily lead to being swept away. The teaching chain believes in maintaining a low long position, referring to Bitcoin’s range. Everyone should pay attention to the teaching chain's blog post, and the current price will be provided to you.

Thoughts:

Range strategy,

Buy Bitcoin at 115,000, add to longs around 114,500, look at 116,000-116,500, if the strength is great, it can be relaxed.

High short strategy,

Short around 116,000, add to shorts around 116,500, look at 114,000-114,500, if the strength is great, it can be relaxed.

Ethereum is relatively strong, so after a pullback, go long.

Buy around 3,650, add to positions at 3,600, and look for 3,810.