8.7 BTC/ETH Market Viewpoint:

Bitcoin surged to the line of 115,674 at midnight and has since retraced. The current price is back below the BBI. As mentioned before, as long as 116,000 is not broken above, the strategy remains to short at highs, and the risk of retracement has not been resolved. If it stabilizes here at 116,000, then the short positions that should be lost will be lost, and the retracement ends. We will then focus on the resistance at 120,000. Yesterday morning, I advised a short at the resistance of 114,000-115,000, and at midnight I advised a short at 115,000-116,000. Therefore, if you hold short positions, you are currently slightly trapped or at breakeven, so be patient and continue to hold!

If you are short at 115,000, you can reduce your position if it drops to 114,000. If you are short at 114,000 and haven’t added to your position, continue to hold. Today, keep an eye on the resistance at 115,000 and 116,000. If there is a rebound here, those without short positions should short, and those with short positions should add to their positions. The support below is focused on the line of 114,000. For the market to go down, it must first break below here. Only after breaking this level can it accelerate downwards towards 113,000, 112,000, and 110,000.

Ethereum rebounded to 3,716 at midnight and has retraced, testing the mid-band resistance of the daily K-line. The current price is below the mid-band. In the short term, it can be seen as a small range oscillation between 3,700 and 3,550. Yesterday morning, I provided guidance to short at 3,600-3,680-3,730. At midnight, I reminded those without short positions to short at 3,680-3,730. So if you entered a short at 3,680, you are now just out of the loss. If you are short at 3,600 and haven’t added to your position, you are currently trapped and can continue to hold.

Today, keep an eye on the resistance at 3,680 and 3,730. For high shorts around here, those who should enter should enter, and those who should add to their positions should add. The support below is focused on 3,550. The market can only exert bearish strength if it breaks below this level. The target for shorts below is 3,550-3,450-3,350.

Every day's strategy is very clear. If you are following the viewpoints, make sure to clearly understand the strategy every day. Do not chase after a rebound, and do not short if the key support level has not been broken during a retracement. Whether the strategy is correct will be validated over time. What can be done is to manage positions, with risk management always being the top priority! #ETH巨鲸增持