On Thursday, Bitcoin and Ethereum both gained, on Wednesday a short position was suggested at 114500, and on Thursday additional short positions were suggested at 113800/113200, with an evening public suggestion to take profits below 112500!
Ethereum suggested a short position at 4350 on Wednesday, with additional short positions suggested at 4330/4290 on Thursday, and an evening public suggestion to take profits below 4225!
Today is Friday, after a dip in the evening, Bitcoin and Ethereum rebounded again. The daily trend has not changed significantly; there have been multiple tests of the lows, which will surely break eventually. However, in the short cycle, after a dip, there was a wave of consecutive upward movements. Combining this week's movements, it has generally been strong in the European session and weak in the American session. Meanwhile, the hourly moving average indicators are scattered and chaotic, fluctuating around the moving averages, indicating that a correction process is still needed. In the European session, it is actually possible to take short-term long positions on Bitcoin and Ethereum, first looking for a rebound, and then arranging short positions based on the strength of the rebound. In the afternoon, consider taking long positions on Bitcoin at any short-term level, with an exit focus between 113500-114000. For Ethereum, also focus on exiting between 4320-4360. For Friday, maintain the strategy of first taking long positions and then shorts, and after exiting, look for opportunities to arrange shorts based on strength!