On Saturday, the market continued to slowly decline throughout the day. In the evening, continue to short Ethereum on the rebound at 2535-2545, looking at 2480-2460 for Bitcoin short at 104900-105200, and looking at 104000-103500. Remember, don't be greedy! Take profits to be safe!
Yesterday, the non-profitable Big Cake and Second Cake, the imitation played around a bit. Today, I have a good feeling about the Second Cake rising, anyone interested?
More than 110,000 have come up and are still analyzing the market, what are we analyzing 🥚, where is the resistance now, it's purely a test of faith and luck, everything else is nonsense.
Newcomer Advice: Small Capital, Starting from 30-50U High Leverage, 20x Leverage Stop Loss: Set a stop loss upon entry, stop loss is a loss of 20-30 dollars Take Profit: Hedge take profit (profit drawdown 30%-40%, take profit strategy)
Bitcoin's surge has ended, and it continues to short at high levels.
The market has seen Bitcoin rise strongly to 106800, but it appears to be under pressure and has started to pull back. The short-term resistance is very strong, and there hasn't been a significant retracement; the price has oscillated within three boxes. Referring to previous trends, the resistance level at 107000 is definitely a short area, and a retracement is inevitable. I have previously mentioned this position and advised the brothers to set up short positions. The market is still oscillating, and the reversal point is around 106000. Now we can primarily focus on shorting, initially looking at support levels around 102000-100000.
Ethereum's and Bitcoin's movements are basically the same; first, a surge followed by a pullback, and it has now started to retrace. After reaching around the high position of 2580, a reversal has occurred, and it is advisable to short at the current price.
Trading advice: Short Bitcoin at 105600-106300, targeting around 102000-98000. Stop loss at 107500.
Short Ethereum at 2550-2600, targeting around 2350-2200. Stop loss at 2650.