Bitcoin and Ethereum Market Operation Recommendations
Bitcoin surged to 108300 last night around eleven o'clock, creating a historical high followed by a top formation pullback, with the price dropping to a low of around 105600 before rebounding again. Currently, the price is adjusting around 106000. The overall trend remains bullish, with the previous new low of 90000 providing a rebound of over 18000 points. From a broader market perspective, there is definitely more room above, but it may not be possible to break through at this moment. It is likely that another significant pullback will occur before the market price rises again. The current operation recommendation is to pay attention to a short position in Bitcoin in the range of 107000-108000, and to exit the short position if it pulls back to around 105000. Ethereum also experienced a significant pullback after breaking through the 4100 level, with the price dropping to a low of around 3914, providing a rebound opportunity. In the future market, Bitcoin's pullback will definitely also drive Ethereum's retracement, but the extent will not be very large. For Ethereum, focus on primarily shorting in the range of 3950-4000. For recent market operations that are not ideal, consult btc0297 to discuss the market together.
Bitcoin Operation Recommendation: Enter short positions in the range of 107000-108000, target: 105000-104000, risk control: 109000.
Ethereum Operation Recommendation: Enter short positions in the range of 3950-4000, target: 3880-3830, risk control: 4050.