Hello everyone, I am A Gan, let's talk about today's market situation

Currently, Bitcoin shows signs of stabilization in the 1-4 hour range at #BTC . Yesterday morning, I advised everyone to short at 95000, and those who joined at the lowest point made a profit of 3500 points. First, congratulations to the community members; even though we didn't hit the lowest point, making 2000 points is still a profit. I also reminded everyone in the early morning to focus on high shorts when the market rebounds, and those who are watching should have made a profit.

Currently, Bitcoin's lowest point today was around 91500, where it started to rebound. As of now, it just rebounded to around 93700 but couldn't break through and has retraced. Bitcoin's minor resistance today lies at the critical positions of 93850 and 95300. If it stabilizes and rises from here, the downward trend can turn into an upward trend, so this position is crucial. If you have opened long positions that are now trapped, remember to close them if it struggles to break above this level, or consider hedging. Wait until it drops again to re-enter long positions. This way, your losses can recover quickly. The intraday trend remains bearish, so be cautious of important positions. If they do not break, I still suggest focusing on short positions in the short term; the strategy remains unchanged.

Yesterday, Ethereum surged to a high near 3549 but did not break through the strong weekly resistance. Right when Bitcoin retraced, it dragged Ethereum down. Currently, Ethereum's support is at 3280, with stronger support at 3240. If you want to enter long positions at lower levels, you can buy at these positions and exit if they break. For those trading spot, as mentioned earlier, just hold your positions. If it drops to 3000, you can add more; the rest is just a matter of time. Hold for the medium to long term and wait for the rise.

Today's Ethereum performance is not as strong as yesterday, generally moving in tandem with Bitcoin's trend. When it is not strong itself, focus on Bitcoin's positions when opening trades, and many altcoins are similar.

A reminder for those holding heavy positions in spot trading: if you are heavily invested and worried about Bitcoin's excessive retracement or using low leverage, you can pay attention to Bitcoin's rebound. If it fails to break above 95000, you might consider selling some of your positions. After this Bitcoin adjustment, you can re-enter at lower levels. If it rebounds above 95000, you can continue to hold your positions.

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