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First published on Weibo, you can follow Weibo Blockchain Liang Qiu, focusing on mainstream coin guidance and layout. Bitcoin and Ethereum experienced another drop in the evening, especially Bitcoin, which once fell below 59,000. Our short position strategy laid out in the evening resulted in a direct stop loss of 600 points for Bitcoin and 40 points for Ethereum. If we are wrong, we must bravely admit it. As of now, Bitcoin is at 59,000, and Ethereum is at the 2,330 level. Looking back at the market in the past few months, Bitcoin has repeatedly been at the turning point between bullish and bearish around the 58,500 level. The break of the 60,000 round number we mentioned earlier also indicates a weakening trend. Currently, for a significant rise, we need a large bullish candle with increased volume; otherwise, the trend will likely rely on the lower 58,500 range to form a rebound rather than a reversal. The upper 61,000 has currently become a short-term resistance. At this point in the market, there is no need to excessively chase shorts; we can directly enter long positions with small stop losses to aim for a rebound.

In the early morning operations, enter long positions for Bitcoin around the current price of 59,000, targeting around 60,500, with a stop loss of 600 points; for Ethereum, enter long positions around the current price of 2,330, targeting around 2,400, with a stop loss of 40 points. The post is effective, and specific guidance should be based on real-time updates.

Currently, the market is relatively good. I recommend trading altcoins like ORDI, LPT, SOL, and UNI in a swing trading manner, with specific operations based on real-time guidance. For more strategies, please follow Weibo, Blockchain Liang Qiu.

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