At the end of the fluctuation, a big market is about to emerge. Are you ready?
Bitcoin has been fluctuating and correcting for so many days, and it's finally about to exert force. It has entered the end of the fluctuation and is about to break out into a new trend! The daily bullish momentum is beginning to exert force, and the low points of the pullback are rising. Now we just need to see if the high points of the rebound can break through, and it will rise along with the tide. At the 4-hour level, the Bollinger Bands are opening up, and the price is testing the upper resistance. Both the middle and upper bands are opening upwards. The resistance above is at 96,000; we will see if it can stabilize here. If it cannot stabilize, this is an opportunity for a short position; conversely, if it stabilizes, we will test the 100,000 mark. Therefore, for short positions, attempting around 96,000 is worth it.
For intraday operations, aggressive traders can short lightly at 96,000, while conservative traders can wait to short around 97,500, targeting 94,000, 93,000, and 92,000, with a stop-loss around 98,000. Short positions are not without the risk of stop-loss, so participation should be light! Yesterday's analysis and ideas were also provided: either break 94,000 to chase long positions or drop to 92,000 and 91,500 to enter long positions. The market pulled back to a low of 92,700, so the opportunity for a low long position was missed, and only a long position was chased at 94,000. Similarly, 96,000 has faced resistance multiple times; if it cannot stabilize here, it will continue to fall, so trying a short position here is feasible. Furthermore, 97,500 is also a small resistance level; if the rebound strength from the low point of 92,700 is not very strong, it is normal to see a pullback after rebounding to 97,500. Therefore, this is also a position that may experience a pullback.
Of course, if shorting at 96,000, you can add to the position at 97,500, with a stop-loss at 98,000. If it breaks above, and you are worried about a large loss, you can short at 97,500 and miss 96,000. However, whether the market can reach 97,500 is uncertain, so we need to watch while walking. Profit and risk always coexist. I never have a guaranteed winning position; I only suggest trying at some potential reversal points. So if there is a stop-loss later, those who follow can refrain from seeking validation!
Ethereum can be approached more conservatively for shorting, waiting to try short positions at 3,450 and 3,500, targeting 3,370, 3,330, and 3,300 below. Currently, the market is rebounding; those holding Ethereum long positions from yesterday at 3,330 can take profits around 3,420 and then wait and see, looking for opportunities to short at around 3,450.
