Yesterday's bullish strategy was validated, with BTC successfully rebounding by 7%. However, the current increases in BTC and ETH can only be viewed as a 4-hour level rebound and do not possess the conditions for sustained upward movement. The rebound is expected to last no more than two days, and specific levels can be calculated using the Fibonacci golden ratio tool.
After a significant rise, there are mainly two ways the market adjusts: one is time correction, which involves sideways consolidation to digest the gains; the other is space correction, which completes the adjustment through a quick retracement, often benefiting altcoin bulls.
Based on the current market situation, here are specific recommendations:
1. Long position strategy: It is advisable to take profits in a timely manner, especially for those holding significantly appreciated assets, who can choose to take profits in batches and look for low-price difference opportunities in subsequent fluctuations.
2. Spot strategy: The spot positioning has been completed, and further accumulation can be gradually increased when a daily bearish candle adjustment occurs.
3. Short-term opportunities: Utilizing the high points of BTC's rebound, the cost-effectiveness of shorting during intraday peaks is relatively high.
In addition, attention should be paid to key price levels:
BTC
Short-term resistance is between 99610 and 100830
Short-term support is between 96540 and 95670.
Market volatility is unpredictable, but efficiently utilizing structural opportunities can maximize returns. In short-term trading, grasping the rhythm and controlling risks are equally important. $DOGE $BTC #“圣诞老人行情”再现