Recently, several rounds of operations by friends in my free public channel have been very smooth.
Go short at 105000, close position at 92000
Go long at 92000, close position at 98000
Go short at 97500, close position at 79000
Go long at 80000, continue to hold
Before last night's price surge, there was actually an expectation of a sudden rise based on ETH's past performance. Then, due to Trump’s remarks on Sunday, this surge was catalyzed, marking the largest single-day increase in the past 3-4 months. Congratulations to those who entered heavily at the lows.
Such a significant increase can often continue, so there is no need to rush to exit or take profits. Hold onto the low-priced positions we entered. Following the resolution of the BYBIT hacking incident, the U.S. stock market has also begun to rebound. Last Friday, the ETF shifted from selling to buying. There is also an eagerly awaited crypto conference this Friday in U.S. time. Although there are non-farm payroll data and unemployment rates this Thursday and Friday, as long as the data does not deviate significantly from expectations or performs better than expected, it will be beneficial for the market to continue rebounding this week.
In terms of Bitcoin prices, although there is strong selling pressure to break even around 96000~97000, the upcoming time environment is favorable for the cryptocurrency market. Therefore, breaking through should not be a problem, and 90000~92500 can be used as a firewall for the bulls. If it falls below this range and cannot quickly recover, it’s time to exit; otherwise, continue to hold on. There is potential for a historical high to be achieved.
#Market analysis for reference only #Does not constitute investment advice
#Bitcoin #BTC #ETH #SOL #JJBitcoinChannel