Good evening, today the prices of Bitcoin and Ethereum have barely stabilized, and there is a CPI release tonight that poses a downside risk. Currently, Ethereum has not broken through the previous resistance level of 3760, while Bitcoin has stabilized at 9.8. Personally, I feel that Ethereum's rebound is not over yet. In terms of operations, both low long and high short positions are fine, just avoid chasing after rising prices or panic selling. If Bitcoin does not break a new high this week, I feel it will continue to decline, and I strongly recommend taking profits to secure gains, as this market structure is prone to profit withdrawal or even losses.
Long entry points for Bitcoin: Light long at 9.6-9.55, stop loss if it actually breaks 9.45, target around 9.8. If it stabilizes at 9.85, then look at 9.9-10.
Short entry points for Bitcoin: Light short near 9.85, stop loss around 9.98, target to break down to 9.7 and then look for 9.6-9.5.
Long entry points for Ethereum: Light long near 3580, stop loss if it actually breaks 3500, target to stabilize around 3720 and then look at 3760-3800-3900-4000.
Short entry points for Ethereum: Light short near 3760, stop loss if it breaks and stabilizes at 3800, target to look down at 3600 and then continue to look for 3580-3520.
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