Good evening, brothers. Today, Bitcoin and Ethereum have been declining throughout the day. Bitcoin is still maintaining a fluctuation above 100,000, while Ethereum failed to rebound to 4,000 and instead dropped, causing altcoins to plunge as well. It is currently uncertain whether Bitcoin will break a new high and then pull back or just drop directly. Over the weekend, it is safer to take some short-term long positions; we can wait for next week to see the direction before taking medium-term positions.
$BTC Long entry point: Light buy near 9.95, stop loss if it actually drops below 9.9, target 10.2, and if it stabilizes, look for 10.3-10.4.
$ETH Long entry point: Light buy near 3850, stop loss if it actually drops below 3800, target around 3950; if it stabilizes, we can wait to see if it will rebound, and if it does, the target would be around 4100.
Recently, Bitcoin has been pulling back, while altcoin funds are actively avoiding risk. If this washing out continues, a big rally may not be far off. One theoretical support is that BlackRock has been buying; if it doesn't push up, there won't be a way to offload and take profits. Retail investors and the Asia market have been suffering so badly that they might not rush in without some tangible benefits.