$BTC$ETH

Today's Analysis

Rushing to New Highs? Will There Be a Pullback? Is There Still a Chance to Enter?

Let me answer some of the questions from the comments:

1. First, I must acknowledge Trump's strong abilities. Even with BlackRock ETF selling over 100 million yesterday, the market still surged! And it surged hard!

2. Regarding this contract, I took a short at 106, sold half at 1028, and sold another half of the remaining at 95. I wanted to wait for a break of 90,000, but unfortunately, it didn't happen! Technically speaking, this kind of drop is indeed a daily-level pullback, and breaking 90,000 should be an easy task. As for some people's rebuttals, are you waiting for a pullback to get in? Using the same logic,

On April 9, did you buy the dip? Did you buy the dip on Ethereum at 21? I did buy, and I bought heavily! The kind of situation where you lose 5 and gain 15! Currently, it hasn't reached my entry point, so I choose to wait on contracts. Personally, I don’t see anything wrong with that! (Picture 3 is the trading record from 8.05)

3. Is rushing to new highs feasible? I believe there is still resistance in the upward movement. Closing above 100,000 would mean a return to an uptrend, but if it doesn't close above, there is a high probability it will dip! Since I missed the chance to catch the spike, let's assume it can reach 110,000; there will still be opportunities to go long! At 4 o'clock, the closing should result in a slight dip, which is a normal pullback for today! Last night, I entered a short position at 98 for BTC, and added to my position at 99. If you enter this short position, you can sell at the average price to lower the risk! No matter what, you must sell when it rebounds to 1005; following my strategy, making back this 2000 dollars is not difficult! Don't hold onto positions! For Ethereum, it's a short at 3420 and an add at 3520, and similarly sell half at the average price on the pullback! If it stabilizes at 3600, you must exit; there’s basically no risk left!

4. For entering the market, I mentioned yesterday when Ethereum dropped to 3200, that there were plenty of chips available. Those few who let themselves get stuck in the market should wait for another dip, which is relatively safer!

So basically, this is the thought process for today!