The pullback has basically reached the bottom, do not blindly chase shorts! In the early morning, I suggested a long position near 97000, and of course, our orders also entered the market simultaneously. I also chose to take a short-term long position on Bitcoin, gaining about 600 points, while Ethereum also moved in sync with a gain of over 20 points. Currently, the market has not changed much and is quite lackluster, still in a range. Last week, the bulls were indeed dealt a heavy blow, but this does not mean that the situation will remain the same next week. Shorts have their beliefs, and longs have their reasons; no one can convince anyone, nor is there a need to convince anyone. Pay attention to risk control, and just keep your head clear! #BTC #ETH
In terms of structure, I have previously mentioned that we are in a correction phase, so the slight pullback at the moment can still only be defined as a corrective adjustment and not a trend reversal. The drop is just to confirm support and stabilize the market. This is why I have been reminding everyone to look for long opportunities over the past two days. After stabilizing from a small cycle pullback, the market starts to gradually recover lost ground, with the lows continuing to rise, generally leaning towards a bullish approach. We will continue to follow the long strategy, watching for a second stabilization and further upward movement, expecting that at least 100,000 will be tested.
Bitcoin is fluctuating around 97000-96500, expecting to see 100,000, while Ethereum is fluctuating around 3320-3300, expecting to see 3500
