Thursday, good morning on a new day!
It's again the early hours of doing things! As expected, we first see a downward probe, and the midnight update suggests to short first and then long, which is a small bite. It's just relatively conservative. The short position entered at 96000 during the ten phases took profit and exited at 94500, while the short on Ethereum at 3770 also took profit and exited at 3310.
After the price of coins dipped to around 92500 in the early hours, it rebounded back up, currently operating around 95000. In terms of the current pattern, although it appears weak in the short term, it still maintains yesterday's midnight view; the possibility of a unidirectional trend is low, and it is more likely to continue with wide fluctuations. Trump is about to take office, and this positive factor will definitely drive the coin prices higher. Therefore, before that, as I mentioned earlier, the main players will wash positions back and forth, making it so that those scared to enter can better drive up the prices. The usual trick is still the same: for long-term, see a pullback and buy in batches; for short-term operations, take profits when available. This morning, there isn't much analysis; the daily line shows slow rises and fast falls, with continuous bearish dips ending with a pin bar, indicating that there is still strong buying support below. Even if there are certain inertial movements, the force is limited, so for short-term operations, first refer to yesterday's high point of 96000, and if a rebound occurs, short again at the highs. After it goes down, stop and then enter a long position. Below, focus on the last retracement low point of 91500.
On the Ethereum side, it continues to maintain a weak pattern. It touched around 3300 in the early hours; although there was some stop, as of now, it hasn't provided much rebound strength. The daily line also closed with a long lower shadow bearish candlestick, indicating some buying support below. In the short term, there may still be a downward probing action, but it is expected to not have much strength. The 4-hour auxiliary indicators show that bears are starting to decrease in volume, indicating a need for a rebound in the short term. First, observe its strength; if the rebound does not continue and hits the pressure level, it can still be shorted!
On Thursday morning, short once around the rebound of 3350 for Ethereum, looking for a pullback near 3280, and stop and then go long again!