The trading is real; hoping for something will not quench your thirst, and drawing cakes will not satisfy your hunger. There are always some people who don't even understand the question but come to a wild conclusion about the trend. There is no so-called correct bottom, nor is there an undeniably wrong top. People are always afraid to face the brutal ups and downs yet cannot escape the sadness of being overwhelmed. I'm not the fortune teller on the overpass; I can't come up with those things you want to hear. Under the influence of overnight news, Bitcoin experienced a major plunge, dropping from a previous high of 108,366 to the current low of 100,301. This is a drop of over 8,000 points, so how should we operate in such a big market to protect ourselves? Choosing a reliable teacher is indispensable. Recently, everyone has also witnessed the strength of Brother Hao, whether it was during the previous bull market's rise or the recent decline influenced by news. I won't say we gathered all the profits, but at least we've captured a good portion of it. Last night, we also initially set up for a long position, and after the long position exited, we directly chose to enter a short position, which provided us with over 2,000 points of space, and Ethereum also gave us over 140 points. Large fluctuations have their methods, and oscillations have their charm; ultimately, it still depends on whether we can grasp it.
The daily structure's one retracement is not enough to change the trend structure, but it will present certain opportunities for inducing shorts. Therefore, the short-term structure still leans towards a strong continuation of the trend. Although it is declining, the decline halts at a low point, and given that the expected retracement is not significant, there is still a possibility of further rises in the short term. The middle track currently serves as support for the daily structure and remains effective in the short term. Although there was a brief breakout, it soon halted. The four-hour correction is part of the bullish advance; there is no bullish trend that only rises without falling. The continuation of the bullish trend must rely on the bearish pullback for correction as an aid. Therefore, all current pullbacks should be viewed as corrections in the bullish rising process.
In the morning, Bitcoin was traded directly long around 100,700-100,500, looking up to 105,000. Ethereum was traded directly long around 3,665-3,645, looking up to 3,800. $BTC