#BTC重返10万 Be cautious when shorting, patiently wait for the spike, primarily ambush low longs!
Bitcoin is currently fluctuating around 101,000; it’s not a good idea to chase longs directly here, not out of fear of heights, but to prevent the risk of a spike. The first two days of this week have seen continuous spikes, and those who tried to bottom fish have turned into victims; the shadow still lingers! Being a bit timid and cautious is never wrong; being too aggressive can easily lead to market lessons!
Avoid touching shorts as much as possible; Bitcoin is better off ambushing low longs. If given the opportunity, get on board; if not, just watch and risk missing out! For Bitcoin, ambush low longs at 98,300 and 95,600; in this kind of market, either there won’t be a retracement, or there will be a spike, but shorting feels increasingly risky, and confidence is waning, hence the ambush for low longs.
Even though the 4-hour chart has seen three consecutive bearish candles during the day, at 8 PM, this large bullish candle quickly repaired and surged up, making the risk of shorting even greater. Whether it can really stabilize at 100,000 is still uncertain. The risk of a spike cannot be ruled out, especially during a bull market where spikes are common; once selling starts at high positions, it can be terrifying!
As for Ethereum, it is currently performing somewhat stronger; while Bitcoin is ranging, Ethereum has recently had a tendency to rise. Ambush low longs at 3,830 and 3,770, aiming for a bullish move towards 4,000-4,100. If entering long positions, do so with light positions and low leverage!
For Ethereum tonight, pay attention to the upper resistance area of 4,010 and 4,090; there are currently no plans for shorts, and the positions for ambushing low longs have been given. Always keep Bitcoin and Ethereum separate; don’t assume they have the same price movement. Just because you can long Bitcoin doesn’t mean you can also long Ethereum simultaneously; they are not that synchronized!
