After exiting the short position near 94,000 in the evening, the plan was to continue following the short position on the rebound. However, the magnitude and strength of the rebound were significant, coupled with a decent overall harvesting and management on Monday and Tuesday, so there was no rush to enter the market. Subsequently, following the trend to enter long positions also resulted in nearly 1,500 points of profit. Currently, the rebound is quite evident, so moving forward, one should avoid speculating on short positions during such a strong rebound. The intra-day performance was quite good, with Bitcoin capturing over 3,500 points, and Ethereum capturing over 120 points! This rhythm requires constant adaptation; change means survival, while stagnation leads to demise. #BTC☀ #ETH🔥🔥🔥🔥
From a technical structure perspective, there is still no sign of a strong unilateral move. After a cycle of downward probing, if it turns back to a rebound, attention should be paid to the continuation strength of the bears. The fact that the evening shorts failed to extend the lows means that shorts should exit and be cautious of a shift to consolidation, which is why there were no conditions for a secondary short position in the evening. The momentum for longs has increased, so at least there are no direct conditions for shorts; the rebound has not yet broken the downward gap, but the current rebound space has already broken the relatively weak rhythm. Therefore, today should focus on going long first, then assess the continuation strength before following up with short positions.
Bitcoin is fluctuating around 95,800-95,300, with an expected target around 97,500. Ethereum is fluctuating around 3,550-3,530, with an expected target around 3,650.