1.6BTC/ETH Market Outlook:



Bitcoin has rebounded strongly, testing the previous high of 94500, with the highest rebound reaching 94700 before pulling back. Currently, the price is oscillating around 93700. This week's strategy remains unchanged - focus on low long positions to catch the rebound. The 94500 level will be tested again today for a potential breakthrough. As a recent high point, this is the bears' stronghold of defense and also where many short sellers entered at high levels. The competition for low longs here will be intense, while many bulls will also take profits here, so pullbacks are normal. Repeated oscillations are normal - everyone must have their own judgment! Yesterday I wanted to go low long but missed the opportunity to board. Fortunately, Ethereum provided an entry opportunity at 3140, which was offered in yesterday's live stream. Following the plan, we continue looking upward and reduce positions with breakeven stops!

Bitcoin daily chart shows 5 consecutive positive candles forming an arc bottom. Currently, this is still just a rebound and insufficient to form a reversal. The overall trend still favors bears. Those without short positions can wait patiently, or participate in some low longs first. Those caught in short positions must manage position sizing and monitor forced liquidation levels. MACD bullish momentum continues expanding, MA5 accelerating upward, price currently within the upper band of Bollinger Bands. Daily pullback is needed but shorting is avoided - operationally focus on low longs.

4-hour and hourly levels show clear pullback requirements on indicators, but price reluctant to decline, indicating lure-short characteristics. MACD bullish momentum shrinking, KDJ three lines entangled with bearish crossover, RSI pulling back after overbought at high levels. Support below: watch 92700, 91700, and 90700 - set low long traps around these levels. Resistance above: watch 93500, 94500, and 95500 levels.

Ethereum daily chart also shows 5 consecutive positive candles rising. Today similarly to Bitcoin - focus on low longs. Support below: watch 3180, 3140, and 3100 - reference low long entries around these levels. Resistance above: watch 3230, 3300, and 3350 levels.

Win through mindset, lose through temperament. Trading's brilliance lies in experience, its essence in patience. Masters don't accumulate profits through frequent trading, but aim precisely for opportunities with one lethal strike. Most focus on every single profit; only rare few accept most trades being losses - once they catch a winner, one trade reverses everything. $BTC
ETH-1,19%
BTC-0,92%
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