1.8 Morning Share - Perfect Verification

The short position has once again made a profit. How many people were trapped by last night's sharp drop? We have long positions from 93500-102500 and short positions from 102500 to now, all of which are substantial profits, all publicly visible.

1. BTC current price is 97000. Yesterday, it fluctuated throughout the day, and suddenly crashed at night, with the daily candle engulfing the rise of the previous few days, breaking below the ascending flag channel. Currently, it is temporarily above 96000, which is the middle Bollinger band and the MA60 moving average support on the daily chart, and can be considered a defensive position for daily long positions. The upper channel serves as recent resistance, also acting as a resistance point before 99000.

Intraday Strategy

Long at 97000-96200, stop loss at 95800, take profit at 98500/99000.

Short at 99000-99500, stop loss at 100200, take profit at 97500/96500.

2. ETH current price is 3395. The daily chart closed with a large bearish candle, leading the crash yesterday. The technical prediction has been accurate, with 3730 being the highest point of this rebound. Technically, it has also broken below the recent upward channel, with 3350 as the defensive position for intraday rebound, and the upper resistance is at 3450.

Intraday Strategy

Long at 3390-3370, stop loss at 3350, take profit at 3430/3480.

Short at 3475-3500, stop loss at 3512, take profit at 3420/3380.

3. Overall, it is still in a breakdown phase, and for long positions, it is recommended to participate lightly with a good stop loss.