Zheng Tianwen: 12.3 Bitcoin/Ether early morning trading strategy with market analysis

The long position strategy for Bitcoin/Ethereum laid out today was directly stopped out, like a splash of cold water in winter that leaves one feeling chilled to the bone. The resistance levels emphasized at 88500 to 89000 and 2850 to 2870 were broken directly, resulting in a stop loss. Currently, the evening market has risen to a high of around 91200 and 3020, and the overall upward trend is very evident. At this point, there is no need to chase the market further; the pressure from the previous days' highs still exists. We will wait for the bullish release to finish in the early morning before assessing the strength of the pullback. If there is a rise, we can continue to enter short positions, focusing on the resistance levels above at 91500 to 92000 and 3020 to 3050.
Evening trading suggestions: Bitcoin current price 91200-91600 continue to short, target 89000-88000; Ether current price 3020-3040 continue to short, target 2940-2880, stop loss 93000 and 3080.
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