#比特币 #ETH

Wednesday morning BTC and Ethereum market

Reviewing yesterday's strategy of buying on the dip was perfectly realized. Late at night, the actual market tested around 105000 before facing pressure and falling back. Ethereum also strongly tested around the 2740 line. Currently, the actual market is oscillating around the 103800 line. We maintain the strategy of buying on the dip this morning. We are currently at a certain high position, and aggressive traders can try shorting with a small position to catch the dip.

There is a very simple principle: the market cannot rise mindlessly all the time. When the rise makes you numb, a large pullback will leave you in tears. Therefore, it is crucial to pay attention to a key issue: the rise from evening to midnight has brought Bitcoin to the point of the previous decline and a bottleneck line position. Thus, being cautious is of utmost importance going forward. Currently, in this oscillating rhythm, one must not blindly guess to enter long or short positions. Although the overall direction remains unchanged, the entry position for going long needs appropriate adjustments.

Morning operation suggestions

For Bitcoin, buy in the range of 103000-103500, target 105000.

For Ethereum, buy in the range of 2680-2670, target 2800.