The short-term counterfeit trend is the real culprit. Bitcoin - Ethereum fell back after pressing, and the weekend ceasefire talks have temporarily ended. As of now, there has been no substantial progress, and the time for the next round of talks has yet to be determined. Instead, at such a time, a situation may arise where the good news has not finished but the bad news comes instead?
Therefore, the key on Monday needs to be cautious of false pullbacks showing continued breakthroughs, which also continues the trend from Friday's closing. During the session, a signal of 74000 was also indicated, $ETH 2370 must be the key point for a short-term rebound. If it doesn't break, it doesn't stand; timely dispose of positions, and the judgment within expectations is undoubtedly clear.
The current market performance is that it fears falling and also fears rising. For retail investors, the current situation is panic, and the overall sentiment leans towards the Middle East. One cannot hold a definite view on the trend's shape, and the chips in hand are constantly shrinking. In a volatile market, it is unable to grasp the core fluctuations. The commotion on the counterfeit side is loud, and the result is just sighs and exits. What is the cognition of trading and what is valuable?
First, let's review this week's script.
Since the monthly line broke the doubts of 65000-66000 bullish, even if the intraday pullback is just a short-term opportunity for bears, the short-term signals and macro performance, we don’t need to elaborate too much on last week!
Monday: Bitcoin long at 68000, retreat target 71300-72000 to exit, Ethereum long at 2060, target 2150-2200.
Tuesday: Small-scale pullback at 68300 for a long entry, and the live room also watched 7000-71000 simultaneously, Ethereum 2080 for a long entry, target 2130-2180.
Wednesday: Long at the 71000 area, probing the range at 72000-73000, Ethereum still long in the 2100 area, with the target also set at 2180–2230. Meanwhile, the live broadcast indicates 2230 as the exit.
Thursday: Long at the 71000 area, probing the range at 72300-72800, Ethereum long at 2150-2170, with the target also set at 2230-2250. Meanwhile, live broadcast indicates 2250 as the exit point.
Friday: Long at 71300-71500, evening live broadcast of Bitcoin-Ethereum synchronized again, daily trend selling pressure point at 73000-73500, Ethereum repeatedly emphasizes 2280-2300, and during the session, it touched resistance at 73700 and fell back to Ethereum 2330. Is there really such a thing as a divine opportunity? Please be cautious of the market's hindsight!
The market creates you in the trend, and you will definitely be educated against the trend. For last week's trading, we don't need to say much, as the movement is developing completely as expected, and profits will naturally follow. This market is fair but also cruel. Those who can truly determine will be rewarded handsomely; it's that simple. Next week is also a new beginning, with a range of 10,000-30,000 USDT for short-term and 30,000-50,000 USDT for medium to long-term layout.