In the evening, the Bitcoin price reached around 91,700, once again hitting our predetermined target. Short positions took profit again. Don't tell me there are still greedy people among you, because such people are insatiable, so it's normal for them to get liquidated. What we can do is to go with the trend in the crypto market. Taking profits and cutting losses is essential. Currently, the price has retraced above 94,000. We exited our short positions, naturally entering long positions. There is nearly a 600-point space now, and the price comparison has come to around 4,000.
From the current market situation, Bitcoin has indeed bottomed out and rebounded. As long as it stabilizes above 94,000, it is very likely that the price will regain lost ground during the early morning hours. Moreover, from the four-hour chart, the bearish volume should be ending. It's clear that the bottom at 91,500 has formed strong support. In the early morning, we are looking at a short-term long position aiming for around 95,800.
Bitcoin strategy: Long near 93,500-94,000, target 95,800
Ethereum strategy: Long near 3,280-3,300, target 3,400.