Review of Yesterday's Trading Strategy:
Last night's rebound was a 2-hour level pullback. BTC's drop from the night before to yesterday morning retraced between 0.50-0.618, with the 0.50 level at 104650 and the 0.618 level at 105030. There was basically no rebound yesterday morning, not even touching 103900, while the 0.382 retracement level was at 104250. Thus, it was judged that the rebound would not reach the 0.618 level of 105030, so a low long position was given for profit taking at 104250 in the morning, and a short position was taken between 104250-104600.
In fact, last night’s high only rebounded to 104859, which is between 0.50-0.618. So can this short position be executed for the short term? Of course! However, since it was the weekend and there was no market activity to reference, it would only fluctuate between yesterday's lowest point and last night's highest rebound point, resulting in relatively smaller profits. This is unlike the profit space of over 2000 points for the BTC short from Thursday to Friday, and 140 points for ETH. But adding in the low long position from yesterday morning (the day before), there was one long and one short position yesterday, and the short position provided an opportunity for profit taking this morning, allowing for another low buy to go long at 104850-105000 for profit.
Similarly, the low long for ETH given yesterday morning was taken for profit at 2538, and then a short position was entered between 2538-2560. Last night, ETH's highest rebound reached 2550, and this morning it pulled back to 2490, also yielding several points in profit. So why can't we execute this rebound short? It can definitely be done!