Boiling frogs in warm water, don’t chase after rising prices, patiently wait for a pullback!
Slow bull market rising, boiling frogs in warm water, is today’s market sentiment like this? Bitcoin has been fluctuating upwards, while Ethereum's volatility seems a bit weak! Bitcoin has once again crossed the 97,000 mark, yesterday I suggested buying at 95,000, did I get off early, or did I reduce my position and continue to hold? Today is Friday, don’t be too eager to chase the highs, be wary of the risks of a high-level pullback, as black swan events can easily occur on Fridays!
For those who exited their long positions, or didn’t enter long, don’t be anxious, just wait for the opportunity to enter! From the intraday liquidation chart, if it rises to around 97,800, there will be 190 million in shorts liquidated. However, if it pulls back to the 94,300 level, there will be 343 million in longs liquidated, so we must be cautious of the risk of a pullback! If you hold long positions, consider securing profits near 97,800, and then wait below to buy low! If you want to enter long, consider entering at the two levels of 95,700 and 94,700 below, but be cautious of getting too low as you might miss it, so make slight adjustments, but keep the position light. For those going long, every pullback is an opportunity to enter, allowing you to buy at a lower cost!
To summarize, continue to be bullish, but don’t chase the highs. Bitcoin pullbacks at 95,700 and 94,700 for long positions, bullish at 96,700 and 97,700 positions.
Ethereum at 3,540 and 3,500 here to ambush for low longs, with targets at 3,600 and 3,700 positions. #比特币打破感恩节魔咒 $BTC
