1.4 Bitcoin, Ethereum Market Insights

Currently, BTC and ETH have both reached a high-pressure zone at the shoulder. If you want to go long now, you must be prepared to defend your position and be a bit conservative, because from the daily chart, it seems we are nearing the shoulder position of the head and shoulders structure. There will definitely be significant divergences here, and it will be very difficult to get through in one go, so this is a risk point for short-term bulls. If you cannot monitor the market and respond in a timely manner, it will be easy to get stopped out, which is an important point to note.

If a downward wave reopens, then this position will be near the highest point for going short again, but we need to wait for a divergence to confirm that; it cannot be determined directly at this moment.

Similarly, if there is a reversal, then this position is not a good betting point either. We need to wait for a pullback after the divergence, and everyone should be prepared for both scenarios.

Next week is a crucial week, and everyone should be quick to react. Wishing you all a pleasant weekend, take some time to relax over the weekend, and let your tense mind unwind a bit. Love life, love trading! #BTC走势分析 #ETH