How many times have I said not to go against the trend? Why do some people still not understand? Just now, Bitcoin surged directly to around 94,000, and Ethereum jumped to about 3,470! I don't know how many people's dreams were shattered by this spike. I started reminding everyone about shorting the rebound early this morning! Trading is inherently counterintuitive and goes against human nature. If you don't even understand this, the rest will definitely lead to endless losses! After providing the strategy in the early morning, Bitcoin's price directly reached the target entry point, the trend was clear, so I entered the market to implement it. Just after 4 AM, I exited all positions, making 1,500 and 76 points respectively. Currently, the market has rebounded to around 97,000; at this point, do not blindly enter the market. As I said earlier, identify key resistance and support before executing your trading rules! If you can't do well, feel free to reach out to me for learning!
Structurally, it is basically still alternating cycles as before. After a rebound, there is usually a significant pullback, which is why I reminded everyone to short directly this morning. Of course, we do not change our long-term bullish outlook; it remains the same, just with an increased adjustment cycle and larger space. The short-term cycle has bottomed out and rebounded, with more upward space from the lows. Although the moving average indicators are somewhat messy, the overall structure of bottom exploration and recovery remains unchanged. We often say that if there are too many rebounds, the significance of shorting is lost; that's the case now. The rebound space has already broken the short-term weak structure, so let's first focus on the rebound. If key resistance appears, then we can set up short positions! #BTC☀ #ETH🔥🔥🔥🔥
Bitcoin is hovering around 97,000, with an expected target looking at the resistance around 98,000. Ethereum is hovering around 3,700, with an expected target looking at the resistance around 3,800!