Learn to be flexible to progress smoothly; this still holds true in the cryptocurrency world. The overall market is still experiencing wide fluctuations over the weekend. On Saturday and Sunday, the strategies provided for Bitcoin and Ethereum still have room to maneuver. During the day, we managed to go long from a low position, which was perfectly executed in the morning. As the saying goes, we should try to expand the range to follow the rhythm, which can greatly reduce the chances of losses. This is also the reason for our consecutive victories over the past couple of days. The core logic remains unchanged; it's just a matter of timing. The evening strategy has also been clearly pointed out, with specific positions for shorting being quite evident. My short position around 97000 has also yielded nearly 700 points of profit. #btc #Eth
From a technical structure perspective, after experiencing consecutive rebounds and pullbacks, the daily chart has started to pause. This pause is still defined as a corrective structure, as previously mentioned. However, given the significant range available, a casual retracement can refresh the lower lows again. One must assess the strength of the trend by combining the patterns and closing strengths. In the short term, touching the upper range's high points and retracing has shown a deeper pullback, breaking the strong trend. Therefore, we will initially follow short positions and monitor the continuation of the pullback, assessing its strength before entering long positions.
Bitcoin is hovering around 96000-96500. The expected target is near 94000, while Ethereum is around 3320-3340, with an expected target of 3100.