BTC:
I am still bearish. But at this stage, the longs are relatively larger. My view is that every time there is a bottom, you can go long. The target is to see the range of 95555~97500. Bearish.
This rebound, a normal rebound, may also be in anticipation of the next interest rate cut. Of course, the possibility of continuing to fall after the rate cut is very high.
If it is to be taken with certainty, this wave of decline can be considered a bear market, then referring to the bear market of 2022, it can be viewed this way:
The first wave of the main decline is looking for continuation. Perhaps the next one can also.
But completing the short wave does not mean that just because you are bearish you should recklessly short. Look at the position. Currently, the outflow of spot assets is slowing down. Within a week, there has been a net inflow of BTC.
So currently there is a rebound in the small-level structure. Should we take a short-term long position? If the big direction is bearish, we need to find where to short.
If we short at the position and it’s correct, then it’s reliable; if not, then my analysis and perspective are problematic. At that time, I will provide a new perspective.
eth:
Aren't you an eth strategist? Why collect btc? When looking at Ethereum, you can't just focus on Ethereum itself. Because without special cleanup, it's rare for btc to plummet while eth skyrockets. On the contrary, mainstream altcoins cannot escape btc.
So here are two resistance levels for Ethereum: 3200, 3370~3500* (this range is relatively safe).
eth
