Either burst in waiting, or perish in waiting. Opportunities are fleeting, it depends on whether you can seize them. The evening market once again experienced roller-coaster-like fluctuations. Bitcoin first saw a strong rally, reaching a high point near 71888 and then falling under pressure. Subsequently, the bears swiftly pushed the price down, breaking through multiple support levels and reaching a low of 68551. Ethereum followed a similar pattern, initially surging to around 3671 and then rapidly dropping to around 3500. Our intraday long positions near 70000 for Bitcoin and 3577 for Ethereum were successful, with timely exits near 71700 and 3662, securing gains of 1700 points for Bitcoin and 85 points for Ethereum. Following the signals during the session, we captured a bearish downturn, entering short positions near 71,000 for Bitcoin and 3632 for Ethereum, and closing near 68800 and 3508, respectively, capturing gains of 2200 points for Bitcoin and 124 points for Ethereum. Our recent performance has been consistently strong, and everyone can see that following the strategy has been effective. We don't chase after bullish trends or bearish trends, but adapt flexibly and follow the overall trend. This is the fundamental way for us to achieve high winning rates and long-term profitability. Choosing the right direction and the right people makes it simple to improve our positions.
Looking at the current market situation, the price surged to a high and then fell back. On the 4-hour chart, there was a rapid rise followed by a quick decline, indicating a relatively strong bearish trend. On the 1-hour chart, a series of declines erased the gains from the evening, showing a strong bearish trend. In the short term, the market is experiencing frequent fluctuations between long and short positions. Currently, the market is at a crossroads, with a struggle for direction in the medium and short term. Before a clear direction emerges, the market may continue to fluctuate within the range of 71900-68500 before making a breakthrough. In terms of operation, follow the trend, go long when the bulls are strong, and go short when the bears are strong. Currently, the trend is still dominated by the bears, with signs of further testing the support of the 4-hour midline.
Short Bitcoin near 70200-69900 at midnight, with a target around 68000-67500. Short Ethereum near 3600-3580, with a target around 3500-3450.
Whether you are a novice, a struggling trader, or a seasoned investor seeking stable profits, if you are feeling lost in long-term, medium-term, or short-term investments and trades, you can find guidance and support from me to enhance your practical trading skills and survive in the market in the long run. You can follow the public account: "山河哥论币" for real-time guidance and strategic benefits.
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