1.4 Morning Market Update — Long Positions Are Strong! 🔥🔥

Yesterday's long positions didn't follow through, big profit! The market has currently reached a short-term target point, and with the weekend, it is estimated that it won't break 100,000 in the next two days. First, let the altcoins run a bit, and next week we will continue to target 102,500-105,000, which is the end point of this rebound.

1. BTC Current Price 98,000. As expected, yesterday's rebound closed the day with a bullish candle, completing the harmonic D point. The price touched the target point of 99,000 and then began to pull back. However, what's frustrating is that the take profit for long positions and the entry point for short positions are both at 99,000. This morning it was just short by 14 dollars, which is quite annoying. Overall, the trend is still in line with expectations, and recent views have been validated. Today we won't repeat, and we can refer to previous insights. Next, let's focus on the smaller time frame movements, expecting fluctuations between 96,000 and 99,000. As long as this range holds, we still look at the rebound with strength.

Intraday Strategy

Long at 96,400-96,000 Stop Loss 95,500 Take Profit 97,500/98,500

Short at 99,000-99,500 Stop Loss 100,000 Take Profit 98,000/97,500

2. ETH Current Price 3,600. The rebound yesterday was quite strong, and I quickly canceled the short position to go long. Subsequently, it surged straight to the key level of 3,600. This is the point mentioned by Direct B recently, the MA30 moving average on the daily chart, with significant resistance at 3,735. The medium-term outlook remains a rebound, so keep an eye on the subsequent movements. Watch for a pullback in the short term, and as long as it doesn't break below 3,500, it remains strong.

Intraday Strategy

Long at 3,552-3,525 Stop Loss 3,500 Take Profit 3,600

Short at 3,715-3,740 Stop Loss 3,760 Take Profit 3,650/3,600

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