Midnight Bitcoin and Ethereum Trading Tips and Directions
A bamboo bends in the wind but remains unbroken, knowing that adapting to fluctuations is a higher form of survival wisdom. Life is like this, and so are volatile markets: rather than resisting change, it's better to cultivate anti-fragility, conserving energy during lows and maintaining humility during highs. Bitcoin (BTC) followed an N-shaped trend today, initially extending in the early morning before retreating in the morning and rebounding in the afternoon. It rose, then fell, and then rose again. Today's midnight and morning trading strategies were impeccable, with impeccable positioning. Today, Bitcoin and Ethereum (BTC) were traded in two long positions and one short position. Bitcoin gained over 4,000 points, while Ethereum gained over 175 points. For those with questions, please refer to Lao Zhao's previous post on trends.
Currently, bullish trends are steadily rising with high volume, so choosing the right entry point is crucial. For short-term, volatile, slow-rising patterns, it's important to monitor the continuation of gains. Secondly, pay attention to the strength of pullbacks. If the pullbacks are weak, buy at low levels and expect upward movement. If a key support level breaks, continue to follow the trend and watch for potential downside. Currently, the 4-hour chart shows weak pullbacks, with the trend fluctuating upward. If the price continues to pull back at midnight and later in the day, buy stocks and anticipate a rebound. If the rebound comes under pressure, you can still choose to short and react flexibly.
Big Cake: Buy around 111700-117200, with the initial target at 112500.
Second Cake: Buy around 4630-4610, with the target at 4700.
