Thursday afternoon, high-level consolidation, continue to short on highs!
In the past two days, the market for Bitcoin and Ethereum has mainly been in a fluctuating consolidation rhythm, with frequent detours. Bitcoin's pressure is concentrated around the 100,000 mark, and the market has now shown a pullback action around 98,500. In the afternoon, we need to pay attention to its strength. In the morning, a short position was initiated around 99,500, which has already provided some room. Everyone can manage it themselves. For the afternoon strategy, those who want to adjust their positions can reduce their holdings and continue to watch for a pullback. Focus on the low point of 97,000 from yesterday; if this position does not break down, then consider a short position. Meanwhile, for the previous layout of the swing short, the average price after adjustment is around 98,500. After pulling back to around 97,700 yesterday, half was closed, and the remaining position is still held. If it still doesn't drop today, consider clearing it when it approaches the cost price, and if it goes up, continue to short. Stay firm in one direction and wait for a clear reversal signal before making adjustments.
As for Ethereum, not much has changed. Continue to follow the previous plan and focus on short-term trades. The morning short also has some room, and in the afternoon, pay attention to its strength. Still, short first; if it touches key support without breaking, then consider reversing.
