Today's Market Analysis #BTC #ETH🔥🔥🔥🔥🔥🔥
1: BTC rebounded to around 108000 and has reached a short position at 107730-108300-108930, with a stop-loss at 109600. The average price is around 108500, with a stop-loss of 1000 USD, and a profit margin of 3-5000 USD.
The position for shorting is in a strong resistance zone. Today is Thursday, and it has been fluctuating within a range; a direct breakout is unlikely, but a false spike is possible.
2: The market has entered a consolidation phase, similar to the period from June to August last year, with wide fluctuations making it easy to swing both ways. If this position sees a false breakout and continues to surge, it’s bold to go short as long as the risk-reward ratio is appropriate.
3: The ETH foundation has revealed a transfer of funds. Those in the know understand it's clearly for cashing out salaries, just like last year when ETH dropped from 3200 to 2100. Currently, ETH is struggling to break 2500; if it reaches the 2460-2480 range, go short confidently. Set a stop-loss at 2520, with a potential profit of 2-300 USD. There's nothing to be afraid of.