Good afternoon, brothers. A new beginning has started, and the market is pulling up right from the start, which is a good omen. This wave of increase was expected; it's not that I'm making excuses after the fact, but the market analysis from the last few days laid out the logic. There's an opportunity to primarily go long when the price dips, only going short at 74 for Bitcoin and 22 for Ethereum. Last night in the live broadcast, I discussed aggressively entering long positions at the white line; the first target was to look at 74 and 22 for Ethereum. Now the target for long positions has been reached, and those who shorted have made profits as well. You say that in this bear market you won't go long, so what about shorting at the resistance levels? If you don't go long or short, then what are you doing? Just chasing highs and cutting losses?
Last week, I mentioned that if BTC doesn't break below 69 on the pullback, then the next target upwards is 74. Now that it has reached this point, as long as it strongly breaks through 74 on the daily level and doesn't pull back, the next big target is the range of 7.85-7.95. When this position is reached, short positions should enter. After breaking through 74, if it doesn't break the low on the pullback, reduce positions based on resistance levels!
BTC has now seen a bit of green after falling for 5 consecutive months on the monthly chart. Brothers' spot trading is also slowly breaking even. This week, for BTC, a long position can still be entered at 70-66, while the short position should wait for the range of 7.85-7.95. For ETH, a long position can still be entered at 2055-1940, while the short position should wait for the range of 2400-2450. These are all weekly support and resistance levels. When the positions are reached, normal position sizes can be entered. If you're afraid, then go light. Those with heavy positions should set their own stop-loss.
Currently, those without long positions can only wait. Wait for it to surge high and then enter on a small pullback. It's a bit scary to chase long, but if you can't control your hands and need to trade, you can short at the current price or the previous high. However, it can only be a short-term short with limited profit space. Set a fixed stop-loss for BTC at 1500u and ETH at 30u, or place the stop-loss at the previous high, but it is very easy to get hit. If there's a profit, set a trailing stop to lock in profits!
Today's market analysis:
BTC, pay attention to 72460 at this position today. As long as it doesn't break this position on the pullback, the bullish trend remains strong. Continue to rise, and pay attention to the resistance levels around 74320-75510-76950!
Today, only if it breaks below 72460 at this position for 1-2 hours will it start to pull back. Pay attention to the support levels around 71300-70260-69100!
ETH, pay attention to 2210 at this position today. As long as it doesn't break this position on the pullback, the bullish trend remains strong. Continue to rise, and pay attention to the resistance levels around 2280-2316-2352!
Today, only if it breaks below 2210 at this position for 1-2 hours will it start to pull back. Pay attention to the support levels around 2168-2131-2095!
BNB, pay attention to 676 at this position today. As long as it doesn't break this position on the pullback, the bullish trend remains strong. Continue to rise, and pay attention to the resistance levels around 687-701-718!
Today, only if it breaks below 676 at this position for 1-2 hours will it start to pull back. Pay attention to the support levels around 665-656-646!
SOL, pay attention to 91 at this position today. As long as it doesn't break this position on the pullback, the bullish trend remains strong. Continue to rise, and pay attention to the resistance levels around 94-97-99!
Today, only if it breaks below 91 at this position for 1-2 hours will it start to pull back. Pay attention to the support levels around 89-86-84!
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