After a certain rebound in the morning price comparison, we are looking at the volatility of Ethereum for shorting. The analysis has already been provided to everyone. Bitcoin and Ethereum have been moving in the same direction recently. We directly entered a short position near 103734 for Bitcoin, and the market has indeed provided downward pressure as expected. However, after Ethereum's exit in the morning, our Bitcoin position is still far from enough, and there is still a need for a short-term downward pullback. We will continue to hold, waiting to exit when the price drops to around 102527, which is also near our entry point for the afternoon bullish position, resulting in a profit of 1207 points. This is the charm of practical guidance. With expectations, there can also be unexpected gains. How is everyone doing with their operations? Any unexpected joy?
Bitcoin is still experiencing a continuous decline, directly breaking below our afternoon entry point for a long position. Currently, we are not rushing to enter; we will observe while trading. After exiting the short position, we will analyze the current market to find opportunities to enter again. Bitcoin is currently in a medium bearish candle, trying to test the previous support at around 100678. The previous spike downwards allows us to expand the support range to 100678-101400, which is the first support level. As long as this level holds, we will remain bullish. Although Ethereum is also slowly declining, the bullish performance is still strong. The low point tested in the early morning at around 2545 has not been broken, and it has once again turned into a sideways consolidation structure on a smaller scale. Thus, the overall trend is still predominantly bullish, and Bitcoin only shows temporary signs of weakness. As long as we maintain our position, we will still look for bullish opportunities. Conversely, if we break below the key support level, the market direction will be determined again, and all operations should be based on practical guidance.
In the afternoon, Bitcoin can be bought in the range of 102000-101700, targeting around 104000; Ethereum can be bought in the range of 2570-2550, targeting around 2700.