Today's ETH pullback did not break the 2630 position mentioned by Long Ge earlier. Looking at the current Ethereum market, there are signs of a pullback, but it hasn't formed a downward trend. However, everyone should not be careless, especially since there will be data on U.S. unemployment and PCE tonight. It is possible that ETH could face negative factors hitting the second buying position mentioned by Long Ge! So everyone should be prepared for both scenarios!
Today, let's pay attention to BTC's trend. From today's perspective, the daily line of the larger cycle closed with a bullish candle yesterday, and the K-line pattern shows continuous upward movement. The price is above the moving averages, and the indicators are showing a golden cross with increasing volume. This suggests that the upward trend is clear and remains strong, with both continuity and intensity being relatively evident, and the pullback shows no strength, maintaining market enthusiasm! However, it’s important to note that this position is quite awkward. The short positions around 73500 have nearly been liquidated, and very few people are taking large short positions now, while many are taking long positions. Therefore, what Long Ge wants to say is that the main force might try to manipulate the market in the next couple of days, although the possibility is small; we must remain vigilant. Thus, Long Ge's approach is to aim for a buying opportunity in the 70000-70500 range. It may not necessarily drop, but taking this action gives you one more opportunity than others. Long Ge usually takes conservative actions; if it doesn't drop, there's no loss, but if you miss the opportunity to buy, that's a missed chance!
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