#BTC走势分析 #ETH走势分析

Bitcoin dropped to a low of 108666.66 this morning, breaking below 110,000. Hehe, that number is quite amusing. It has currently returned to around 110,000. At this stage, the market has come down from the highest point of 124500, with the mid-term 30-day moving average around 115900 and the long-term 120-day moving average above 109000. Normally, if the price breaks below the 120-day moving average at this position, it will oscillate here for a while. It will only choose to rise or fall after the 30-day moving average turns downward. Yesterday, I mentioned that everyone should trade cautiously; just because the price has dropped a lot does not mean it’s a good time to buy. When the market shows signs of a bullish trap, it often leads to significant volatility. This is a piece of advice from experience. The best time to trade Bitcoin is during rapid downward spikes, where rebounds can be swift, allowing for short-term profits. When news is flying around, it's best to enter and exit quickly to avoid being passive.

Ethereum hit 4300 this morning and faced resistance at 4680 during last night's rebound. At the same time, while Bitcoin was still rebounding, Ethereum was already unable to move. This is a signal to short. Trading can be difficult at times and easy at others. When your position is manageable and your mindset is unaffected, you can capture more certain trading opportunities from market fluctuations. At this stage, I personally still suggest looking for rebound positions to short Ethereum and wait for the U.S. stock market to open tonight to see if Bitcoin can stabilize before choosing to go long.