Ethereum's long position yesterday missed by 26 points, which is a bit unfortunate.
The take-profit levels are quite precise.
Now both Bitcoin and Ethereum have broken through the bullish and bearish dividing lines. The current strategy is very clear. ⚠️⚠️⚠️ For Bitcoin, Fibonacci resistance levels at 79,000 and 81,700 align with the market's sell order zones. The support on the 15-minute timeframe is at 77,900. If it breaks below this support, short positions can be taken. If it holds, it’s a support zone. These two levels are 1,000 points apart, both suitable for long entries. The first take-profit target is 81,700.
Ethereum's support at 2,335 is the bullish/bearish dividing line, and 2,300 is the Fibonacci support. If it breaks below 2,300, short positions are considered. Holding these levels supports long positions, with the first take-profit at 2,390 and the second above 2,450.
Bitcoin is below 80,000. A few days ago, I recommended everyone to dollar-cost average into spot holdings. Yesterday, many retail investors and institutions were bottom-fishing, but that doesn’t mean there won’t be deeper lows. The market has been sluggish for quite some time. For futures, focus on short-term trades, and for spot funds, continue dollar-cost averaging.
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Ethereum's long position yesterday missed by 26 points, which is a bit unfortunate.
The take-profit levels are quite precise.
Now both Bitcoin and Ethereum have broken through the bullish and bearish dividing lines. The current strategy is very clear.
⚠️⚠️⚠️
For Bitcoin, Fibonacci resistance levels at 79,000 and 81,700 align with the market's sell order zones. The support on the 15-minute timeframe is at 77,900. If it breaks below this support, short positions can be taken. If it holds, it’s a support zone. These two levels are 1,000 points apart, both suitable for long entries. The first take-profit target is 81,700.
Ethereum's support at 2,335 is the bullish/bearish dividing line, and 2,300 is the Fibonacci support. If it breaks below 2,300, short positions are considered. Holding these levels supports long positions, with the first take-profit at 2,390 and the second above 2,450.
Bitcoin is below 80,000. A few days ago, I recommended everyone to dollar-cost average into spot holdings. Yesterday, many retail investors and institutions were bottom-fishing, but that doesn’t mean there won’t be deeper lows. The market has been sluggish for quite some time. For futures, focus on short-term trades, and for spot funds, continue dollar-cost averaging.