Currently, Ethereum has broken the original thinking and layout of the market. If it falls below 3000 after breaking it, it indicates that the trend is still within the range.
If it stabilizes above three thousand and continues to stretch, it will indicate a new situation. Therefore, it is advisable to be prepared for both scenarios. If it breaks below three thousand, a short position can be tested; if it does not break, wait for a pullback to support to go long.
Operational suggestion: Buy Ethereum on a pullback near 2850-2870, targeting around 2950.
Pay attention to the resistance level above. If this resistance level cannot be effectively broken, consider looking for suitable short positions.
However, from the 1-hour pattern view, the price has successfully broken through the triangle range and continues to rise. Therefore, it is advisable to keep an eye on it and make trading decisions in a timely manner.
In terms of operation, it is recommended to go long directly, with a stop at 0.191, and a target of 0.21.
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From today's liquidation map: If Bitcoin rises to around 74000, short liquidations could reach 3 billion!
If Bitcoin falls to around 68000, long liquidations could reach 7 billion!
Overall, there are still some who are shorting above 72200, and the bullish sentiment at the 4-hour level has motivated many to position long above the historical high.
When Bitcoin reaches 73000, it is an opportunity to short. Do not be disturbed by others or external factors; enter the trade when it reaches your predetermined target, strictly execute according to the trading system, and leave the rest to time. Do not forget your original intention due to inner fear and greed.
From the short-term hourly chart, currently, there is resistance at the high level around 72900, with the price showing a slight pullback. The market is running in the upper middle band area, and the upper Bollinger Band gap is slightly widening.
Support below is slowly rising, and as long as the price breaks below the middle band, it will further retrace to the strong support at around 70000. There is resistance at the upper level, so consider following up to capture short-term gains.
For Bitcoin operations, it is recommended to short around 73000–73500, with a stop loss at 74200 and a target of 71000.
Bitcoin reached a high near 73760 during last night's surge and began to pull back. As mentioned last night, when the price approaches the previous high near 73880, do not chase long positions, and try to focus on increasing short positions. Wait for the price to drop before looking for long opportunities.
However, a rapid short-term surge in the market will be accompanied by a process of pullback and consolidation. Pay attention to the support around the moving averages below, referencing 69500 and 2580. If the support below holds during the subsequent pullback, the market will continue to rise along the moving averages.
Evening trading suggestion: enter short positions for Bitcoin around 72700 to 73000, with a target near 70500; enter short positions for Ethereum around 2680 to 2700, with a target near 2550.
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It is indeed too late to think about delaying interest rate cuts now. Humanity has always leaned towards predictable things; if economic policy is always elusive, it will only cause frustration.
The market is currently in a state of extreme greed. Regardless of your previous actions, please face the current trend rationally and do not get caught in a long position after shorting at the floor and then entering at the ceiling.
Bitcoin is indeed strong; have a bit more patience, and the issues aren't significant. Why, in such a strong trend, are you still fixated on shorting? Firstly, Bitcoin has risen 14,000 points from its low, and the risk of shorting is far lower than that of going long.
At 73100, I executed a short position at a high level. If the future trend aligns with my view, I will increase my short position and reallocate for the medium to long term.
The first target below is 64000 and 2250, and the second target is 61500 and 2100.
If you are feeling confused at this moment, please correct your past mistakes immediately; time waits for no one!
Bitcoin reached 70,000 for the first time, Ethereum 4,000 Bitcoin reached 70,000 for the second time, Ethereum 3,900 Bitcoin reached 70,000 for the third time, Ethereum 3,300 Bitcoin reached 70,000 for the fourth time, Ethereum 2,500
Don’t steam buns, fight for pride, go ETH, aim for a new high!
The large pancake has exited the triangular oscillation, breaking through 69300 and continuing to rally, with a peak impact around 71600, just a step away from the previous small double top formation.
Although it has broken upward, the move is somewhat urgent and unstable, with insufficient pullback strength, coupled with very strong resistance near the high, so avoid chasing highs and panic selling.
From a daily chart perspective, the current strong resistance above is at the previous double top position of 71800-72000, while the support below is at the 69000 level, which is the position of the major pullback from the previous high, where pressure has converted to support after the breakout.
In terms of operations, it is advisable to short near 71500-71800, with a stop loss at 72500 and a target of 69000.
Maybe everyone feels that the market is difficult to figure out these days, so let’s not talk about the specific operations of each person. Just talking about the fluctuations is a bit confusing. There are sharp rises and falls everywhere, and every position is on edge.
After the big pressure level of 68400, the pressure level is effective. As expected, it is expected that it will not break the previous high in the short term, but it is still necessary to do a good job of defense
The high-level consolidation market has arrived. The remaining short position layout is to wait for time. Only by enduring loneliness can you keep prosperity. It depends on whether everyone can bear the psychological pressure brought by the fluctuation of the market
The first target below is 64000 and 2460, and the second target is 61500 and 2350