Friday, the rhythm of the market comes, first long then short!
This week’s strategy can be said to be precisely grasped, from top to bottom, basically covered all the bases. The current stage's rhythm is very clear, which is a wide fluctuation in the range of 98500-92000. According to the strength and closing conditions, one can clearly judge the changes in the pattern.
For today, the main theme is still to go long first. Stabilizing above 96000 overnight and no breach on the pullback indicates that buying pressure remains strong. Theoretically, this kind of following market can directly go long once during the morning session, aiming for 98500-99500, and then consider shorting later.
Once it goes up, it’s basically finished washing out the shorts, and then we look for a reversal to go short. This is my thought process for today. Of course, we cannot rule out the possibility of a big one-sided move coming on this Friday, so evening operations need to be approached cautiously from multiple perspectives. The intraday market is still relatively easy to trade; aim to make gains during the day and wrap up in the evening!
Ethereum is also moving in sync, and we have provided a bullish outlook for everyone, with basically a space of 150 points. Continuing to look for bullish continuation with resistance at 3650 and support at 3360! Let’s synchronize together!
Alright, that’s all for now. I will provide everyone with free updates every day, so please like and follow if you enjoy! Wishing everyone all the best!