Ethereum surged strongly at midnight, rapidly rising to around 2,480 where it encountered resistance and fell back. This high point just touched the resistance level.
Currently, the overall weak pattern continues, operating with repeated weakness. During the day, rely on the 2,480 resistance to short on rallies.
Short near 2,480, first looking at 2,380, and after breaking below that, looking at 2,280.
After Bitcoin's recent pullback bottomed out at 9,800, it has started a technical rebound, with a short-term increase of over 8,000 points.
The current coin price has reached the resistance level of 10,650. Given that the overall trend is still bearish, it is recommended to position for a medium-term short based on the resistance level.
Short around 10,680, first target at 10,350, and if broken, look for 10,050.
Bitcoin hint 10,3600 or more, the lowest pullback is not below 10,3400, and then at the intraday highest point of 10,6500, take profits. Even if it drops down now, so what, the gains have already been taken.
The Bitcoin trend is in line with expectations, and the current coin price has reached the first target of 10,6800. Even if not exiting the market here, one must consider reducing positions; only a valid breakout rebound from this point can be sustained.
(Figure 1) Bitcoin first broke through 110,000, refreshing its historical high, clearly indicating that it has reached the peak. Subsequently, a mid-line short position was established at 111,800, ultimately dropping to 103,000, realizing a profit of nearly 10,000 points.
(Figure 3) This week, it again broke through the 110,000 high, with a chorus of bullish voices in the market. While most people were focused on 120,000, a mid-line short position was decisively established at 110,300, which eventually fell to 104,500, realizing a profit of over 6,000 points.
The two escape-top strategies were clear and defined, truly achieving the unity of knowledge and action!
(Figure 1) The description in the text is very clear. Assuming the 2850 resistance area is the temporary top of this round of rebound, then this area is one of the few good positions for entering medium-term shorts, and it has already been successfully validated.
Subsequently, it rose to around 2850 at midnight, and the square promptly provided a short signal at the current price. As of now, it has dropped to a minimum of 2430, and although it did not exit at the lowest point in time, this single trade successfully captured over 300 points of space.
Bitcoin strongly broke through the 110,000 mark, and the market is filled with bullish voices. Most people are focusing on 120,000, but Fan Ge remains calm and rational.
Decisively set up a medium-term short position at 110,300, with the lowest point so far at 102,600, leaving only a 1,000-point space to the established final target.
Ethereum dips below the 2,400 support area, which is the lower boundary of the range box. Since the excellent entry opportunity has been missed, we can only wait for a pullback opportunity to follow the trend.
Buy near 2,470, initially targeting 2,630, with a pattern towards 2,780.
As long as Bitcoin holds the 100,000 level, the level of adjustment will not strengthen. All short positions have been cleared, and now we will focus on going long!
Buy around 10,3600, first target 10,6800, and after the breakout, look for 11,0300.