Recently, Bitcoin has been hovering around the high points of 98,000 and 95,000, with mainly fluctuations and weak volume insufficient to support a breakout. Short-term fundamental expectations cannot lead to outside capital involvement. Therefore, the conclusion is obvious: focus on shorting contracts (shorting when it reaches 98,500 and 98,000, with stop-loss points at 95,000, 93,000, and 90,000 for tiered take-profit). As for spot trading, it’s still the same, hold tight (at least one Bitcoin should see at least 150,000). This bull market is not over, I assure you.
Talking about ETH, why mention Bitcoin first? It's simple. Bitcoin is the lips, ETH is the teeth; Bitcoin is the bun, ETH is the filling. Bitcoin is the root, ETH is the leaves. So you understand, talking about ETH without mentioning BTC is just nonsense, and those who only play ETH contracts are even further away from reality.
Today, ETH has adjusted down by 100 points alongside Bitcoin. ETH is relatively strong; in the past, it would have dropped at least 500 points. ETH spot must be firmly held; this wave should at least have a bottom of 6,000. Don’t let unreliable bloggers say the bull market is over and throw away your low-priced chips, or when it surges, you can only watch helplessly.
ETH has shown a stable upward trend recently, gradually moving up from 2,300, steadily increasing in volume to 3,200 and 3,300, with strong support. Therefore, there is no need for concern. It can be confirmed that it is impossible to go below 3,200 in the short term. For those holding chips at relatively high positions, you should trade during downturns and continuously lower your costs. In fact, there's an even higher play, which is to directly switch to punt. Relatively speaking, punt will yield better profit multiples for small capital players. 6,000 is ETH's limit, while 1.1 is just the beginning for punt. I expect to see 5 in the short term, which I believe is not excessive. Of course, if you want to enter lazy mode, just accumulate ETH at low prices. 😄
Lastly, the bull market has started. Don't let malicious bloggers outside scare you with a little pullback and casually throw away the hard-earned chips in your hand, or you will miss the entire bull market.
