In recent days, the market has been on a one-sided rise, and it can basically be said that except for those who chased the price upwards in between, no one can make a profit. Such a market is very difficult to trade, as those who want to wait for a pullback cannot get in on this large one-sided trend and simply cannot catch the ride.
Secondly, many people who short from the 'top' frequently get stopped out, and there is hardly any significant pullback. It can be said that if one does not cut losses when shorting, they will definitely face liquidation. Such a large one-sided trend is relatively rare, and the duration is not very long. Often, after touching significant support or resistance levels, the market will experience a pullback or reversal.
So how can we trade to ensure the market moves in our expected direction? It is to place orders at major support or resistance levels and wait for key candlestick signals to appear within important price ranges before entering and increasing positions; the win rate during this time is often the highest.
Without further ado, here are the support and resistance levels for BTC and ETH.
BTC resistance levels 105000, 110000
Support levels 102000, 96500
ETH resistance levels 2600, 2750
Support levels 2380, 2270, 2080
It is recommended to trade lightly on the left side with large stop losses.