Cryptocurrency Market Forecast
First, let's look at Bitcoin, I dare to guess the big direction🧐
This is the first distribution top at 97000-98000, everyone is looking at 100000, igniting an eternal bull market, a drop back to around 85000 will continue upwards, starting the second and third distributions.
Ethereum's four-hour chart has been oscillating between 3000-3200, you can try to go long at 3010-3030, with a stop loss at 2995. For short positions, try 3210-3230, with a stop loss at 3240.
Intraday small structure
Bitcoin's hourly chart is a parallel channel moving upwards, very suitable for shorting; go long at the lower boundary of 93000-93500, with a stop loss at 92450, and take profit at 95300, a risk-reward ratio of 3:1 is pretty good.
You can try shorting at 95200-95600, with a stop loss at 95850, targeting the lower boundary around 93200.
If Ethereum gives another chance around 3030-3050, you can enter a small long position with low leverage, then add to the position at 3010, bringing the average price up to around 3030, with a stop loss at 2995, first target at 3120, second target at 3200
