Fourth Uncle's Midday Thoughts

The market seems to be fluctuating, but in reality, it offers you a good opportunity to accumulate and recover losses. Make sure to grasp the back-and-forth movements of long and short positions for considerable profits.

In the early morning, Bitcoin reached 97435 and faced upward pressure, subsequently pulling back and continuing to decline to the downward support level. It then repeatedly bounced around this range with little movement. We can follow the trend, but it’s important to be cautious in this area and not to blindly follow the crowd.

Bitcoin Suggestion: Go long around 95600 on the way down, with a stop loss at 95000 and a target of 97000.

Ethereum Suggestion: Go long around 3610 on the way down, with a stop loss at 3580 and a target of 3680.