Yesterday, I made a small profit and exited my position before the evening CPI data was released, and I haven't opened any new positions since. Looking back at the market now, my overall judgment is still bullish.
From the price action, both BTC and ETH have shown a certain degree of bearish divergence at the top. Strictly speaking, ETH has a clear bearish divergence, while BTC does not. BTC only shows weakened MACD momentum, but the price has not made a new high, so it does not constitute a bearish divergence.
After breaking the previous high, ETH formed a evening star pattern and experienced a MACD bearish divergence, so opening a short position here could consider taking profit near 2700. BTC's movement is relatively weaker; I personally tend to wait for it to pull back to around 106500 before looking for opportunities to go long.
📉 This is just a personal trading strategy and does not constitute investment advice.
I hope everyone can find their own strategic logic in reviewing and executing trades, controlling risk is the most important thing.
Additionally, xdm, there will be a live stream tonight～
If you have time, feel free to join and chat, we go live every Tuesday, Thursday, and Saturday at 9:30 PM.
📍Desert Teahouse, waiting for you to come and sit. $BTC $ETH
