[Market Review]
Last night Bitcoin and Ethereum continued to drop, Bitcoin reached 945, Ethereum reached 3540.
Then all were pulled back. This morning, Bitcoin continued grinding around 9.5.
Ethereum directly pulled from 3540 to 3711, a rise of 170 points.
The phenomenon of both long and short spikes is very frequent, especially with Ethereum.
Therefore, the profit-making effect will be relatively poor during this period! Due to frequent large fluctuations.
Therefore, try to minimize entry at the current price and reduce short entries, adjusting the direction to enter long at lower prices.
[Bitcoin Midday Analysis] $BTC
Bitcoin fluctuates around the 935-975 range, today focus on these two key positions, 975-935.
If any of those are effectively broken, then the short-term direction will be on that side?
Support level below: 93573, if an opportunity arises to reach this support, we can enter long.
Support is still very strong.
Resistance level above: 97553-98669
It is highly likely that it will mainly fluctuate within this range!
[Feeding Operation]
Direction: Ambush for long positions
Point: 90573-89766-89042 enter long in two layers in batches
Stop-loss at 88493, take profit at 97-98 area.
Strategy: Take a 60% position to prevent a second test, fully enter long positions above 85000!
[Ethereum Midday Analysis] $ETH
If the daily level directly reverses to a V shape, then no short entries for now, just buy on dips.
Key focus is whether the critical position at 3650 can hold steady?
If the critical position at 3650 can hold steady, we can look up to the previous high resistance at 3772.
If it cannot hold steady, it still has to drop, with support below at: 3578-3537.
Trend is stronger than Bitcoin, if you want to trade in waves, you can trade Ethereum, but avoid large-scale positions.
[Feeding Operation]
You can ambush long positions around 3625-3618.
Direction: Ambush for long positions
Point: 3633-3607 enter long in batches
Stop-loss at 3573, take profit around 3730-3758.
[Casual Chat]
You can also ask me about other altcoin points in the comments!
Any questions regarding trading techniques can be asked, I will definitely reply.
