Early Thursday morning, Bitcoin and Ethereum surged, with prices breaking through the preset target range. After the market came under pressure and pulled back, we reversed course at 74203 and opened long positions, switching strategies with the trend, turning a loss into a profit and capturing nearly 500 points of movement. Ethereum moved in tandem.
The market is unpredictable. Knowing how to flexibly switch between bullish and bearish strategies based on market signals, rather than clinging to fixed predictions, is key to seizing opportunities.
After rallying and meeting resistance, the market began another pullback. Following the earlier surge, bullish momentum clearly weakened and prices continued to fall.
The horizontal white line in the chart marks a key short-term resistance level. This rebound failed to hold above it, and the price has once again moved down to test support below. The market is currently in a pullback confirmation phase, so we need to closely monitor the strength of buying support below. For now, we are still mainly looking to short.
Trading recommendations: Bitcoin: open short positions in the 74600–74300 range, with targets at 74100–73800.
Ethereum: open short positions in the 2085–2070 range, with targets at 2040–2010.
$BTC
The market is unpredictable. Knowing how to flexibly switch between bullish and bearish strategies based on market signals, rather than clinging to fixed predictions, is key to seizing opportunities.
After rallying and meeting resistance, the market began another pullback. Following the earlier surge, bullish momentum clearly weakened and prices continued to fall.
The horizontal white line in the chart marks a key short-term resistance level. This rebound failed to hold above it, and the price has once again moved down to test support below. The market is currently in a pullback confirmation phase, so we need to closely monitor the strength of buying support below. For now, we are still mainly looking to short.
Trading recommendations: Bitcoin: open short positions in the 74600–74300 range, with targets at 74100–73800.
Ethereum: open short positions in the 2085–2070 range, with targets at 2040–2010.
$BTC
