#市场围绕90K
Bitcoin's sprint to 98,000 failed, altcoins are bleeding!
Today Bitcoin almost touched the 98,000 mark, but Ethereum appears weak, and those altcoins keep dropping. Strangely, Bitcoin's current total market value is even lower than when it was above 90,000, which indicates that a lot of capital has already retreated. It seems that Bitcoin is relying on sucking the blood from altcoins to rise, while many main capital in altcoins have already fled. Altcoins like Neiro have dropped significantly. Once Bitcoin can no longer hold on, the main players in those altcoins have already hedged, and they won’t return in the short term. We can only wait to see if there will be any changes over the weekend.
Bitcoin: Although it is rising quite sharply now, the trading volume is not large, and the market is still controlled by bulls, maintaining an overall upward momentum. If you want to short, you need to enter and exit quickly, aiming to make around 1500 points before taking profit, as this is more stable. Right now, the main strategy is to wait for a pullback to go long.
Ethereum: During the night, it retraced to 3060 on the hourly chart, dropping to a low of 3030 before returning to around 3060, and it is still on the path of rising. If shorting, the profit of 120 points between 3150 and 3030 can still be grabbed.
Bitcoin short entry point: You can try to short lightly near 9.9, targeting the area around 9.75 to 9.6.
Bitcoin long entry point: You can go long lightly in the area of 9.52 to 9.48, and if it pulls back to 9.4, add more long positions, targeting 9.8 to 9.9.
Ethereum long entry point: You can try to go long lightly near 3060, and if it does not break 3000, continue to add more long positions. If it breaks below, wait to add more in the area of 2965, setting a stop loss at 2885, targeting 3150 to 3200.
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