Last night's market trend perfectly aligned with the short entry points we provided during the day session. The overall trend was also within our expectations!
Bitcoin entered short at 94800, and the target of 92300 has already been reached, completing a profit of 2500 points!
Ethereum entered short at 3425, and the target around 3300 also provided an opportunity to exit, making a profit of 100 points without any issues!
From the current trend, Bitcoin and Ethereum initially declined slowly last night to the nearby support point. Bitcoin broke below 92000, reaching the lower boundary of the daily chart where it received support and rebounded to around 95000 but failed to stabilize and fell again. Ethereum, on the other hand, has been oscillating around the 3300-3425 range.
Overall, the trend still shows a pattern of oscillating downward, with each peak getting lower and the bottom support continuously breaking. In the current market, we should continue to adopt a strategy focused on shorting at high points!
The entry points for Bitcoin and Ethereum remain unchanged at 94800 and around 3425. When opportunities arise, you can enter, ensuring to manage stop-loss and take profit properly. In this kind of market, making 100 points on Ethereum and around 2000 points on Bitcoin is still quite easy!