Bitcoin/Ethereum has repeatedly reminded the retracement long position in the past few days, including another reminder in the evening to enter the retracement long position, but the entry is relatively conservative. The overall rise of Ethereum is quite good, and it has also broken through the recent high point again. The volatility of Bitcoin has noticeably decreased, and it started to fall back without even touching 98,000. On the hourly chart, Bitcoin/Ethereum has begun to retreat. In the evening, you can see a rise and then a fall. Pay attention to the support strength near the moving averages at 96,000 and 3,630. After taking profit on long positions in the early morning, prepare to enter short positions. If the rhythm of operations is not good, communication and exchange can be increased.
Enter short positions for Bitcoin around 97,500 to 98,000, with a target near 96,200; enter short positions for Ethereum around 3,730 to 3,750, with a target near 3,660. Currently, the market is relatively good. Recommended altcoins for swing trading include ORDI, LPT, SOL, and UNI. Specific operations should be based on real-time guidance. For more strategies, please follow the official account: Trader Liang Qiu.
