Waking up in the morning, Bitcoin and Ethereum have surged again. Bitcoin has already broken new highs. Although there has been a slight pullback, the overall trend is still bullish. As long as Ethereum does not reach new highs, as long as it does not experience a sudden drop, and as long as ETFs are not continuously flowing out, the main concern right now is that there hasn’t been any indication that the September interest rate cut has turned into a bubble. Therefore, in the short term, the operational mindset is still bullish. This is the dominance of Ethereum; the continuous breakthroughs have given the market ample confidence. What we can do now is consider how high it can go and where to set stop-loss orders for each trade. Right now, we must not hold onto losing positions. If a mistake is made, just take the loss, review the trades, and wait for the next opportunity. Do not hold onto losing trades. Currently, the upper range of Bitcoin has lost significance through the candlestick charts, but we can still gauge the clearing of short positions through the leverage pressure in the market. In the short term, Ethereum still targets the historical high of 4877. We will discuss everything after that high is broken. As long as Ethereum can stabilize and not drop, it will be a carnival for altcoins.
