Zheng Tianwen: 12.2 Bitcoin/Ether evening trading strategy with market analysis

The strategy for going long on Bitcoin/Ethereum today unfortunately hit a stop loss directly. The levels we’ve emphasized at 88500 to 89000 and 2850 to 2870 were under pressure, and as a result, we broke through and hit the stop loss. In the case of a breakdown, a long position can also compensate for losses. Currently, the evening market has surged to a high of around 90900 and 2885, showing a very clear overall upward trend. At this point, there’s no need to chase long positions anymore; one can directly enter the market. Pay attention to the resistance levels above at 91500 to 92000 and 3020 to 3050. Aggressive traders can continue to enter short positions at the current price.

Evening operation suggestions: Continue to short Bitcoin near the current price of 90200 to 90500, with a target of around 88500-87500; Continue to short Ether near the current price of 2970 to 2990, with a target of around 2910-2870.

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