Is tonight's market direction determined? Short-term opportunities and layout ideas under the downward trend
Tonight, the market is likely to be at a key node, and the subsequent major direction may become clear tonight. The overall downward trend has not changed, with Bitcoin oscillating around 109050, and Ethereum hovering around 3889, both bulls and bears are waiting for a clear signal.
My thought process is clear: before the major market starts, seize the opportunity for a pullback to go long, but do not go against the trend; the focus will still be on short positions later.
• For Ethereum, focus on the range of 3860-3820; if it pulls back to the right level, consider going long, and gradually reduce positions as it rebounds to around 3930. After that, do not rush to make further moves; wait for the liquidation level below to slowly reveal clear new support before determining the next entry point.
• For Bitcoin, look for opportunities in the range of 108500-107800, laying out long positions here, with a short-term target of 110280. Once it rises to this level, look for opportunities to short in the direction of the overall downward trend. $BTC
