Good evening, brothers. Today's market has been quite shocking. The white line given at noon has been unable to break down, and several small waves have occurred in the lower time frames. Since there was no pullback during the day and both the top and bottom of the consolidation zone have been established, we should focus on trading the bottom and top of this consolidation zone tonight. If the top breaks, we will short lightly at the previous high. If the white line position (the bottom of the consolidation zone) breaks, we will go long lightly at the first support level, either with a 1% position to give ourselves a chance to add to our position, or set a fixed stop loss, with Bitcoin at 1500u and Ethereum at 35u!
This wave has pushed Bitcoin up 12 points and Ethereum 19 points. With such a large increase, there is a need for a pullback. The halfway point of the pullback is near the first support level, and if it pulls back to near the first support level before going up again, it will have strength. Therefore, this position is the best place to wait for a long entry. However, if the white line position cannot be broken, it will be difficult to come down, indicating that the bulls are still relatively strong. Either we will continue to push higher or maintain the consolidation trend from the day!