Monday, the curtain fell, and besides exhaustion, there’s still fatigue. During the day, four long positions resulted in a loss of one trade. Bitcoin today scored 1800 points, and Ethereum simultaneously took 163 points, with alerts given. How were your profits?
Although there were gains in the end, I need to reflect on myself. After exiting the long positions, I didn't decisively reverse to short. In fact, the idea was to take a high short position, but I always felt there could be another surge, stubbornly sticking to the point.
From the rhythm of midnight, it still looks weak. Here, I won’t pursue shorts, instead focusing on going long around the low point of the US market. For Bitcoin, refer to the 93000-93500 area for long positions. Currently, the daily chart shows three consecutive bearish candles; I expect it to turn into a small bullish correction tomorrow. This week is expected to be a wide-ranging tug-of-war of about seven to eight thousand points, and short-term adjustments are more needed at the moment.
Ethereum, relatively speaking, appears slightly stronger, and the late session closing high was anticipated. Here, I still won’t chase high prices; instead, I will rely on the 3300-3330 area for long positions, with the initial target set around 3420. Remember, at any time, it’s essential to maintain good defense and control the position size well. If a pin bar appears at the resistance level, decisively go short.