Thursday Afternoon Bitcoin and Ethereum Latest Market Analysis and Trading Suggestions
Looking back at the afternoon's strategy of re-entering long positions, it perfectly materialized. The afternoon's real trading reached as high as around 111800, approaching the 112000 mark, but did not effectively break through. Lao Tian also emphasized in the afternoon strategy that long positions could be exited early. The afternoon's real trading did indeed retrace and touched around 110400. We also laid out short positions at high levels to capture the retracement and secured a gain of 763 points before exiting. For those who followed the retracement and re-entered long positions in the afternoon, we have now provided a space of a hundred points. Currently, the direction of this market is very important. We will continue to maintain the strategy of re-entering long positions in the afternoon. Lao Tian firmly believes that every retracement in real trading is just to build better momentum for a breakthrough.
Trading Suggestions:
Long positions in Bitcoin between 110000-110500, target 112000.
Long positions in Ethereum around 2620-2640, target 2750.
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