Trader Liang Qiu: 12.7 Bitcoin/Ethereum once again fluctuates with spikes as Ethereum approaches previous highs
The Bitcoin/Ethereum market has seen multiple back-and-forth spikes in the past few days, particularly with Bitcoin, which has oscillated within a range of 10,000 points up and down. Yesterday, we placed two consecutive orders to raise short positions; the first order reached the target, and shortly after, during the second order's continued rise, we followed with a long position after hitting the stop loss at the 3960 high, thus recovering losses. The market rhythm has indeed not been well grasped; regardless of right or wrong, I never delete posts during my updates. Those who have been following for a long time understand this very well. Currently, Ethereum is approaching the previous high point of 4098, and there is no need to chase long positions anymore; instead, short positions should be entered near the high point. For Bitcoin/Ethereum, the current high point resistance reference is between 102500 and 103000, as well as the 4100 high point for Ethereum; the back-and-forth spikes are also a process of both long and short liquidations. Currently, the short-term view remains to enter short positions near the resistance level and handle breakouts accordingly.
For operations in the early morning, enter short positions for Bitcoin around 101800 to 102500, targeting around 100000; for Ethereum, enter short positions around 4060 to 4090, targeting around 3950, with stop losses at 103000 and 4130. The current market phase is mainly based on swings, and the posts are intended to be practical, with specifics based on real-time guidance. #比特币重返10W大关