#BTC #ETH Bitcoin and Ethereum have recently experienced severe wash trading, how should we grasp it?

I believe everyone can feel that the market is in a high range of fluctuations, with severe wash trading back and forth, so I have a few pieces of advice for everyone.

1. Only take profits in one direction.

2. Do not hold overnight positions while sleeping.

3. Strictly manage risk.

The fluctuations won't last too long; there will eventually be a directional move. Not managing risk leads to one outcome! I hope everyone takes care of themselves.

Now, let's discuss today's market.

Bitcoin and Ethereum are at a critical point for long and short positions. Real trades for long positions have already entered. For the day, we are looking at whether Bitcoin can stay above 108300 and Ethereum above 2630. If it stays above, then the price will continue to rise in the evening; if it does not, there is a possibility of a pullback to the critical point.

However, I still have a positive outlook on price increases because I mentioned yesterday that the trend is an upward one. Although we often see spikes recently, this is a normal movement of market makers washing out positions and does not change the overall trend!

Therefore, as long as the critical point I provided for long and short positions is not broken, there is still an opportunity to capture profit space for long positions!