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$BTC$ETH
Noon Analysis:
100,000 is just a step away! Is there still a chance to get on board?
As mentioned on the 1st, 99 has arrived as promised after 6 days. I wonder how many people have joined the queue; the actual bullish entry price is 91,500 because there were 5 downtrends in 1 hour, with the last 5th one shaking out before the upward trend began. Currently, we have entered the 4th trend!
Yesterday, it was mentioned that the 4-hour chart had entered a sideways range of 99-965, and it seems there is no intention to enter, not even breaking 97! Continuing to hover at high levels, making a leap to 100,000, this is also the fourth attempt after coming down from 108 to reach 99. Will this time be as promised?
Based on the intraday trend, it shouldn't pull back too much for now, but reaching 100,000 will face resistance, especially after three attempts. Currently, the volume is still insufficient; as long as US stocks don’t drop tonight and BTC's ETF sees buying again, reaching 100,000 is basically assured!
At present, it still seems a bit difficult to jump directly to 100,000. Previously, I mentioned an increase of 3,000, with three attempts reaching 99. The current four attempts should be at 102, at least currently 100,000 has not been broken, and the weekly chart still shows a death cross, so there will still be a pullback this week!
In terms of operations: Based on the above situation, I announced the decision to temporarily exit long positions from the trend, taking this 8,000! The next operation will be to enter again on the pullback or chase after reaching 100,000! Today's long position was closed and I reversed to short, and lost at 995! When the 5th upward trend occurs, I will short again!
Ethereum: The spot market has been saying for 32 days that it can enter. The range mentioned on the 3rd or 4th is still valid. As early as the 1st, when it was fluctuating around 3,300, I mentioned looking at 3,600. On the 4th, I optimized the upward target to 3,690 and the downward target to 3,520! So taking profit on the long and placing a short for the first hand is also reasonable, and the defense at 3,720 is enough! No high demands, just reaching 3,570 will satisfy a range of 120!
Noon Analysis:
100,000 is just a step away! Is there still a chance to get on board?
As mentioned on the 1st, 99 has arrived as promised after 6 days. I wonder how many people have joined the queue; the actual bullish entry price is 91,500 because there were 5 downtrends in 1 hour, with the last 5th one shaking out before the upward trend began. Currently, we have entered the 4th trend!
Yesterday, it was mentioned that the 4-hour chart had entered a sideways range of 99-965, and it seems there is no intention to enter, not even breaking 97! Continuing to hover at high levels, making a leap to 100,000, this is also the fourth attempt after coming down from 108 to reach 99. Will this time be as promised?
Based on the intraday trend, it shouldn't pull back too much for now, but reaching 100,000 will face resistance, especially after three attempts. Currently, the volume is still insufficient; as long as US stocks don’t drop tonight and BTC's ETF sees buying again, reaching 100,000 is basically assured!
At present, it still seems a bit difficult to jump directly to 100,000. Previously, I mentioned an increase of 3,000, with three attempts reaching 99. The current four attempts should be at 102, at least currently 100,000 has not been broken, and the weekly chart still shows a death cross, so there will still be a pullback this week!
In terms of operations: Based on the above situation, I announced the decision to temporarily exit long positions from the trend, taking this 8,000! The next operation will be to enter again on the pullback or chase after reaching 100,000! Today's long position was closed and I reversed to short, and lost at 995! When the 5th upward trend occurs, I will short again!
Ethereum: The spot market has been saying for 32 days that it can enter. The range mentioned on the 3rd or 4th is still valid. As early as the 1st, when it was fluctuating around 3,300, I mentioned looking at 3,600. On the 4th, I optimized the upward target to 3,690 and the downward target to 3,520! So taking profit on the long and placing a short for the first hand is also reasonable, and the defense at 3,720 is enough! No high demands, just reaching 3,570 will satisfy a range of 120!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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