Tiring market! It can’t rise, and it can’t fall either! But we still have chances to trade～
1、Yesterday it was still retracing, but today Bitcoin lifted its head and already touched 80,000 again. Main theme: both longs and shorts got fooled. But here’s the thing: as long as there hasn’t been a real breakout above the previous high, it doesn’t count as the start of a big行情. So it’s not the time to chase longs yet—the pressure from the double top ahead won’t be broken that easily.
2、Then for the cuties who have been wanting to short, you can look at opportunities around the 80–81k resistance area. Take profit when you reach above 78k, near the position close to the trendline. Also keep an eye on the area around the trendline—on a rebound, you can go long as well. If you’re extremely risk-averse, then you’d better wait until the 75.5–76k we mentioned yesterday to enter.
3、<$ETH > The short from yesterday morning was taken profit at 2432 last night. Now we’re at a higher level—can we still short? The answer is yes. The idea is pretty much the same as <$BTC >: you can short slightly near the previous-high resistance zone, around 2530–2550.
1、Yesterday it was still retracing, but today Bitcoin lifted its head and already touched 80,000 again. Main theme: both longs and shorts got fooled. But here’s the thing: as long as there hasn’t been a real breakout above the previous high, it doesn’t count as the start of a big行情. So it’s not the time to chase longs yet—the pressure from the double top ahead won’t be broken that easily.
2、Then for the cuties who have been wanting to short, you can look at opportunities around the 80–81k resistance area. Take profit when you reach above 78k, near the position close to the trendline. Also keep an eye on the area around the trendline—on a rebound, you can go long as well. If you’re extremely risk-averse, then you’d better wait until the 75.5–76k we mentioned yesterday to enter.
3、<$ETH > The short from yesterday morning was taken profit at 2432 last night. Now we’re at a higher level—can we still short? The answer is yes. The idea is pretty much the same as <$BTC >: you can short slightly near the previous-high resistance zone, around 2530–2550.
