If the range hasn’t broken, keep buying back and forth—don’t be greedy
After the Non-Farm Payroll report came out unexpectedly cold, everyone sang “buy” across the board. Bitcoin surged to 87,000 and Ethereum climbed to 2,777. At the time, what I reminded was: “good news already priced in is no longer good—watch out for geopolitical risk and oil prices.” Then in the middle of the night, the situation in the Middle East escalated and oil prices suddenly dropped. BTC fell from 87,000 to 83,000, and ETH from 2,800 to 2,650.
I was short at 2,745 on ETH. I took partial profits in batches around 2,690 and caught a move. After the drop, I assessed: geopolitics is only temporary— it didn’t break the range of consolidation. BTC’s support at the lower edge of 83,000 to 87,000 is strong, and ETH’s support at 2,650 to 2,800 is equally strong. As long as the range isn’t broken, it’s still range trading—so I flipped and went long.
The logic is very clear—short the highs as the main approach, and only go long at the lows with a light position. Around the upper edges of 87,000 and 2,800, you still need to short. Around the lower edges of 83,000 and 2,650, you can take longs with a small size. In a range, you buy and sell back and forth: take the profit and run. If you’re not losing, you’re winning.
#BTC #ETH
After the Non-Farm Payroll report came out unexpectedly cold, everyone sang “buy” across the board. Bitcoin surged to 87,000 and Ethereum climbed to 2,777. At the time, what I reminded was: “good news already priced in is no longer good—watch out for geopolitical risk and oil prices.” Then in the middle of the night, the situation in the Middle East escalated and oil prices suddenly dropped. BTC fell from 87,000 to 83,000, and ETH from 2,800 to 2,650.
I was short at 2,745 on ETH. I took partial profits in batches around 2,690 and caught a move. After the drop, I assessed: geopolitics is only temporary— it didn’t break the range of consolidation. BTC’s support at the lower edge of 83,000 to 87,000 is strong, and ETH’s support at 2,650 to 2,800 is equally strong. As long as the range isn’t broken, it’s still range trading—so I flipped and went long.
The logic is very clear—short the highs as the main approach, and only go long at the lows with a light position. Around the upper edges of 87,000 and 2,800, you still need to short. Around the lower edges of 83,000 and 2,650, you can take longs with a small size. In a range, you buy and sell back and forth: take the profit and run. If you’re not losing, you’re winning.
#BTC #ETH