Bitcoin surged to 94,500 but encountered resistance and pulled back. This week, I've been a bit hesitant in my operations; one wrong step has led to a series of anxious moments. At the beginning of the week, I thought there would be a rebound, so my strategy for the first half of the week was mainly to go long at lower levels. In the second half of the week, I wanted to go short again, thinking that the 94,500 level would be broken, especially since there were many bears setting traps here. However, the rebound abruptly stopped at this level. As a result, I've missed the opportunity to go short, so I can only participate in some long positions during the rebounds. If you are holding long positions from last night or midnight, there's no need to panic. You can consider going long around 91,000 and 91,500 for Bitcoin, or around 3,180 and 3,120 for Ethereum. If you have entered, you can continue to hold and set a stop loss.
For intraday rebounds, first pay attention to the resistance at 92,000 and 3,200. Only if the price stabilizes here can the market continue to rise. For those who prefer a more cautious approach, consider reducing positions or exiting early at that point. For the more aggressive traders, you can continue to hold and look towards 93,000 and 94,000 for Bitcoin, and 3,250 and 3,300 for Ethereum.
Bitcoin had five consecutive bullish candles, followed by a doji candle, and yesterday closed with a large bearish candle. From an indicator perspective, there is a demand for a pullback, leaning towards a bearish sentiment. On Monday, the indicators were all showing strong rebounds, but the market sentiment can change suddenly. When the price was around 94,500, although I didn't dare to short, I certainly couldn't chase the price higher. Now that it's down to around 90,500, I also do not recommend chasing shorts. You can refrain from taking long positions on rebounds, but directly chasing shorts here, claiming the market will definitely drop to a certain level, is a bit too rash!
Today's market strategy is as follows: for those who are bearish, the ideal short positions are around 93,800 and 94,500. If you want to chase shorts, at least wait for the price to break below 90,000 before participating. For Ethereum, consider shorting around 3,300, and for chasing shorts, wait for it to break below the 3,000 mark.
The market is not suitable for chasing shorts here, so either wait for a good short position or wait to chase shorts. If you believe the market will rebound, you can take long positions around 90,500 and 3,120, or if you already entered long at 91,000 and 91,500, or 3,180 for Ethereum, continue to hold. Every time you make a move, there is a possibility of getting hit. Trading is about participating in positions where you believe the probability is higher and validating that. Profits and losses come from the same source, so it is essential to manage your position size! Don't let the cost of mistakes be too high, and don't risk losing your capital for a comeback!

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