The market stabilizes, is it a rebound or a reversal?
Hello everyone, good afternoon. Let's talk about how to trade in the current mainstream market. The following content is quite valuable, so we won't keep you in suspense and will get straight to the point. How should we view the market trend and how should we trade? Last night's pullback was quite strong, and the main players know how to play the game. I wonder how many were happy and how many were worried about last night's market. We can see that the previous downtrend structure has been broken. Are the bulls safe now? Don't rush! Wait for a pullback to re-enter. Has the market already reversed? Not yet, we still need the final push, which is whether the pullback will hold or fall back into a downtrend. The key position below $BTC is 113000. If it can't hold and falls below this, then last night's breakout will be in vain. The key position below $ETH is 4200. If it doesn't hold here, we will have to return to the trend line. Now that we've covered the key points, let's focus on how to trade. BTC: Buy near 113300, stop loss at 112000 if it falls below, target 115500-116500. ETH: Buy near 4230, stop loss at 4145 if it falls below, target 4350 and then look at 4450 after it stabilizes. Alright, that's it for today's mainstream point strategy. If you have questions, leave a comment. Follow for daily updates on BTC, ETH entry point strategies. Don't get lost in trading! #BTC #ETH