6.6 Bitcoin and Ethereum Technical Analysis and Trading Suggestions
The setbacks of the late night will ultimately transform into the medals of dawn; the long position taken at midnight ended in regret due to stop loss, but we did not lose heart, as the morning coin price also rebounded near 101900. We positioned ourselves for long positions near 100800, perfectly capturing a 1100 point space, with the stop loss also executed perfectly! Each steadfast hold is a key to calibrating the rhythm of life. Step by step in defense and offense, all are part of a grand strategy. Only through practical experience can true wisdom and brilliance be forged. Within seemingly solid barriers lies the key to breaking the game and achieving rebirth.
Although Bitcoin had a slight rebound after the morning closing, the strength is obviously insufficient compared to the previous deep "pinning"; this rebound is quite normal. The current trend has clearly pointed downward; our strategy should continue to follow the trend. Currently, Bitcoin is continuously probing downwards, with bearish forces in control. A comprehensive judgment indicates that the price is highly likely to test the support strength near the 100000 integer level again. In terms of operations, maintain the original strategy template: patiently wait for stabilization signals in the key support area or clear signs of exhaustion in downward momentum before considering the next steps. It is not advisable to blindly guess the bottom at this moment; the focus should be on controlling risk and following the trend.
Short Bitcoin at 102000-102500, watch 100500
Short Ethereum at 2440, watch 2380