#BTC The morning strategy was delivered as scheduled. After the BTC morning closing line, it also provided a small pullback to around 93700, after which the long positions began to show higher trade volumes and surged. The market was very strong, and the pullback provided an excellent entry opportunity. I believe that friends who followed our strategy to enter the market have gained nearly a thousand points of profit. Our real trading setup also involved entering long orders around 94000, capturing nearly 2000 points of profit before exiting. The Ethereum real trading setup also successfully reached our take profit point at 3200, securing over 100 points of profit. A deep adjustment accompanied by corrections is normal; there is no market that only rises without falling, nor is there a market that stops falling without rising. Even during the market correction phase, there is still operational space.
From the four-hour chart, the Bollinger Bands are in a squeeze phase, with the daily closing price having rebounded near the middle line under pressure. The daily candlesticks are also showing a doji pattern, indicating that the bulls are still in a weak state, and there are signs that the rebound is nearing its end. Therefore, in the medium to long term, we can still consider maintaining a short position. However, there is still certain risk in shorting at the current level, with the key resistance point at 97000. If the 97000 level is broken, there could be momentum to continue towards 99700 for a second rebound adjustment. From the perspective of the target chart showing resistance signals, we can consider testing short positions with light positions first, and then consider stop-loss and reversal if the level is broken. In the short term, I am still more optimistic about a consolidation phase after the Bollinger Bands squeeze rather than a deeper adjustment, and with the middle line under pressure, it’s advisable to take short positions in line with the trend.
BTC can be shorted at 96000-96500, looking at around 93000. Ether can be shorted at 3200-3230, looking at around 3070. #eth
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#BTC The morning strategy was delivered as scheduled. After the BTC morning closing line, it also provided a small pullback to around 93700, after which the long positions began to show higher trade volumes and surged. The market was very strong, and the pullback provided an excellent entry opportunity. I believe that friends who followed our strategy to enter the market have gained nearly a thousand points of profit. Our real trading setup also involved entering long orders around 94000, capturing nearly 2000 points of profit before exiting. The Ethereum real trading setup also successfully reached our take profit point at 3200, securing over 100 points of profit. A deep adjustment accompanied by corrections is normal; there is no market that only rises without falling, nor is there a market that stops falling without rising. Even during the market correction phase, there is still operational space.
From the four-hour chart, the Bollinger Bands are in a squeeze phase, with the daily closing price having rebounded near the middle line under pressure. The daily candlesticks are also showing a doji pattern, indicating that the bulls are still in a weak state, and there are signs that the rebound is nearing its end. Therefore, in the medium to long term, we can still consider maintaining a short position. However, there is still certain risk in shorting at the current level, with the key resistance point at 97000. If the 97000 level is broken, there could be momentum to continue towards 99700 for a second rebound adjustment. From the perspective of the target chart showing resistance signals, we can consider testing short positions with light positions first, and then consider stop-loss and reversal if the level is broken. In the short term, I am still more optimistic about a consolidation phase after the Bollinger Bands squeeze rather than a deeper adjustment, and with the middle line under pressure, it’s advisable to take short positions in line with the trend.
BTC can be shorted at 96000-96500, looking at around 93000. Ether can be shorted at 3200-3230, looking at around 3070. #eth