Good evening, both Bitcoin and Ethereum are experiencing a gradual decline on Saturday. Bitcoin can still maintain a fluctuation above 100,000, while Ethereum failed to rebound to 4,000 and instead dropped, dragging altcoins down as well. It is currently uncertain whether Bitcoin will break its new high and then correct or drop directly. It's safer to take some short-term long positions over the weekend, and wait for direction next week to take medium-term positions.
Open long position for $BTC : Light long near 9.95, actual stop loss below 9.9, target is to stabilize at 10.2 and look for 10.3-10.4.
Open long position for $ETH : Light long near 3850, actual stop loss below 3800, target near 3950, if it stabilizes, wait and see if it will rebound; if it rebounds, target near 4100.
Recently, Bitcoin has been fluctuating, while altcoin investors are actively avoiding risks. This kind of washing out may not be far from a sharp rise. One theoretical support is that BlackRock has been buying; if it doesn't rise, they won't be able to unload their shares. Retail investors have been severely impacted, and without some actual benefits, they probably won't rush in. $BTC #BTC重回关键位置后走势