The risk of a pullback has not yet been lifted, do not blindly chase the rise!

Good midnight, unfortunately there was no opportunity to enter the long position given during the day. As expected, Bitcoin fell from 107100 to 102000, a decrease of 5100 points. In the morning, Zhongliang also provided a short position to chase at 104500, and the short position reached 102500, securing a profit of 2000 points! Although the market rebounded at 102000, and we couldn't enter the long position, it's a bit regrettable, but being able to profit from the short is still a gain!

I am still relatively conservative about the long position below Bitcoin, considering 101500 and 100500 here. I’m quite afraid that the market will undergo a large pullback before making another upward push! Last week, I often mentioned that if the market can't break through, it can easily fluctuate instead of rising, or it might pull back and then push up again. Currently, Bitcoin's price is around 104500; obviously, the space for chasing the rise is limited. It has already fallen 5100 points today and has rebounded 2500 points, so it has been quite volatile. At midnight, we can pay attention to the resistance above at 105500 and 106500, participating in high shorts around here, with the stop loss set at the previous high plus a few hundred points, targeting 101500 and 100500 below.

Ethereum entered a pullback mode after reaching a high of 2738. The daily K-line overall shows a fluctuating descending ladder pattern. My view is to closely monitor the mid-track support around 2230, and additionally, the low point of yesterday's pullback near 2320. I want to approach this area to set up a low long position with a small stop loss. The market has a demand for pullback, so we should wait at the key support level for opportunities, whether they come or not, and whether we can hold this level needs time to verify. The pressure above to watch is around 2470 and 2500; we can participate in high shorts relying on this level, with a stop loss set at 2530. If it stabilizes above 2500, it will easily move towards 2600.

Zhongliang is not about always being profitable; it will only attempt to enter low longs at support levels and participate in high shorts at resistance levels, while managing position sizes and strict stop losses. After making a profit, reduce positions in batches and adjust to break-even stop losses, attempting to take a little more. If wrong, recognize the mistake in time, stop loss, and exit, observing the breakout situation to decide whether to continue positioning or adjust to follow the trend! The focus is on being real, open, and transparent! The above is only a personal opinion and does not represent correctness or guaranteed profit, for reference only! #BTC挑战11万大关 $BTC