Someone asked me why I haven't been posting suggestions these past few days?
Have I not posted? I shorted, but I got trapped a bit! Isn't that a post? It's a short position, just holding on to observe the enemy situation. The entry point wasn't great, I increased my position, and the average price is still below 98,000, around 97,700, and I'm almost breaking even! However, I'm not aiming to break even; after the four consecutive daily bullish candles, I want to focus on bearish positions going down! At the beginning of the week, I had no problem looking bullish in the support area of 91,500-92,000, and I was right! I just didn't expect to return to 98,000; I went short too early. It's okay, overall for this week's trading, there's still a profit. A few days ago, I was right on both long and short positions in the 96,000-91,500 range, and after breaking through 96,000, the market turned strong, so my early short position got trapped and forced me to increase the position. That's how it is, I believe that from this weekend to next week, the market will have a pullback. Actually, the market has been moving in a large range of 92,000-99,000 for the past three weeks, not a one-sided trend! So, after returning to 98,000 today, I don't recommend chasing long positions anymore! My personal suggestion is to short at highs and hold the short position. First, look for a return to 96,000-94,000-92,000, and the next time it reaches 92,000, let's just 👀 watch it break below 90,000.
As for Ethereum, the pressure at the 3,600 level goes without saying; going short around 3,580-3,590-3,600 is fine!