Let's repeat it again. The recent surge in the market is more influenced by gold and market sentiment, executing a slaughter of the shorts. From a pure market perspective, the reasonable range for Bitcoin is around 82100-84600. This round of divergence is around 87500, while the market's expectation, including most retail investors, is around 91000.
As for Ethereum, after reaching the target of 1575 yesterday, it went through a consolidation period. Overall, it first dipped before rebounding. As of now, Bitcoin has touched 89500, rising almost two thousand points, while Ethereum has not yet reached the entry point from yesterday. It has been mentioned that whenever a turning point, a shakeout, and a division in the market occur simultaneously, regardless of the market direction, most of the time, Ethereum leads for a while. However, looking at Ethereum now, it is just rebounding. Therefore, once Bitcoin's rebound is over, it will find a peak for this phase.
Currently, those who are in cash can short without worrying and add some margin. As for those who are taking light positions in batches, it’s advisable to adjust the average price with a one-to-one increase in position. The current market is looking for a peak in this phase, and you can leverage your position to withstand some pressure. Ethereum, having already absorbed a round of bottom accumulation, is good to continue entering short here. Set the stop loss at 1668.
As for the positions to pay attention to on both sides:
For Bitcoin, pay attention to 91000 above and 88200—87500—86500-84600 below.
For Ethereum, pay attention to 1650-1725 above and 1615-1586-1548 below.
