The market ebbs and flows, with rises and falls being the norm. Some are fearful of cutting losses when they see a waterfall, while others hear the whispers of opportunity in the crash. Between the fluctuations of the candlesticks, the most expensive tuition is 'emotion,' and the most stable profit is 'discipline.' Last week, the cryptocurrency market experienced significant ups and downs. Bitcoin rebounded after stabilizing at the support of 118,000 at the beginning of the week, fluctuating upwards and breaking the historical high of 124,573, but quickly retreated to around 116,750 by midnight on Friday, ultimately closing above 118,000. Ethereum similarly rebounded from 4,200 to 4,794 USD, then corrected to 4,366 late Friday before bouncing back to around 4,550. In the face of extreme volatility, we adopted a 'trend-following + key level sniping' strategy, capturing over 23,500 points in profit for Bitcoin and over 1,990 points for Ethereum.
In terms of operations, we established long positions at the beginning of the week based on support levels, alerted to pressure after reaching new highs, and then reversed to short at high levels, while strictly setting stop losses to avoid risks from extreme market conditions.
This week, Bitcoin needs to focus on the 115,000-123,000 range for fluctuations. If the 115,000 support holds, we will continue to go long; if it breaks, we will look down to 110,000. For Ethereum, the short-term dividing line for long and short is at 4,400. If it holds above that, we will look to 4,850; if it fails, we will test the 4,000 support.
