Cryptocurrency Trends: Bitcoin is sweeping back and forth at high positions, do not blindly chase long positions, beware of a waterfall coming.

Yesterday morning, long positions made a profit, after a pullback in the afternoon, long positions profited again, and the short position early this morning also achieved a perfect profit. As long as everyone grasps the trend, they can move freely in the cryptocurrency circle. We won't talk about the past; let's discuss today's market.

Bitcoin and Ethereum gave a short position at 12 o'clock in the real account, currently making a profit, and we have also laid out medium to long-term short positions, expecting to see profits in the thousands. This morning, Bitcoin reached a new high, then began to pull back, and we captured this pullback. Let's look at the hour chart for the pressure and support zones. The upper pressure zone is 112000–113800, while the lower support zone is 107100–108700. Currently, the coin price is retracing; we have already entered the short position at a high level, waiting for it to go down to 108700 to enter long again, or it may drop directly in a waterfall. Therefore, we are observing the long positions and I will provide real-time updates in the group.

Compared to Bitcoin, Ethereum is lagging behind. When you rise, I remain still; when you fall, I follow. Therefore, our uniform short position is also held. The upper resistance zone is 2620–2665, and the lower support zone is 2475–2525. Short positions in Ethereum can still be entered around 2630–2640, with a stop loss at 2690, and the target is initially set at 2500. If it breaks, continue to hold and wait for the waterfall to come.

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The article is sent with a delay; strategy suggestions are for reference only, and specific operations should be based on real-time market data. For more information, you can consult the author.

Plan your funds reasonably for investment, do not make emotional trades, and do not let profits cloud your judgment. The market is unpredictable, and there are many factors affecting market trends. Do not fixate on target points for short-term trades.