The overall market signals right now indicate a lack of funds. There is a rotation to support the market; yesterday, Ethereum was strong, reaching a high of around 2390. Today, Bitcoin has already dropped over 100 points, and Ethereum is still hovering around 78,000. Currently, the market is in a wide-range consolidation phase. After the consolidation, it is still likely to decline around the New Year, so conservative traders can consider shorting on rallies. The best short position for Bitcoin is around 80,600, which is a key support-resistance flip zone. The optimal high-altitude short position for Ethereum is between 2480 and 2520, which is also a major resistance level in the larger structure.
There are still opportunities for low-position longs. Recently, if Bitcoin drops to around 76,000, it can be considered for long entries. For Ethereum, around 2200 is a good level to go long. However, be mindful of the timing—after February 10th, avoid participating in low-position longs. #BTC何时反弹? #Strategy比特币持仓转为亏损 #White House Crypto Conference
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The overall market signals right now indicate a lack of funds. There is a rotation to support the market; yesterday, Ethereum was strong, reaching a high of around 2390. Today, Bitcoin has already dropped over 100 points, and Ethereum is still hovering around 78,000. Currently, the market is in a wide-range consolidation phase. After the consolidation, it is still likely to decline around the New Year, so conservative traders can consider shorting on rallies. The best short position for Bitcoin is around 80,600, which is a key support-resistance flip zone. The optimal high-altitude short position for Ethereum is between 2480 and 2520, which is also a major resistance level in the larger structure.
There are still opportunities for low-position longs. Recently, if Bitcoin drops to around 76,000, it can be considered for long entries. For Ethereum, around 2200 is a good level to go long. However, be mindful of the timing—after February 10th, avoid participating in low-position longs. #BTC何时反弹? #Strategy比特币持仓转为亏损 #White House Crypto Conference