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Bitcoin and Ethereum have recently exhibited a clear pattern of sharp rises followed by pullbacks. During yesterday's daytime session, the short position strategy placed above BTC 95,600 and ETH 3,340 was validated, as the market subsequently retreated to around 94,400 and 3,280, with Ethereum successfully gaining 60 points. In the evening, the market surged again, re-entering short positions around 96,800 and 3,360. Although there were signs of approaching stop-loss levels multiple times, the market ultimately pulled back as expected. As of now, Bitcoin bottomed out at 95,700, and Ethereum fell to around 3,270, with the latter securing an additional 90 points profit. The two trades accumulated over 150 points in profit, fully confirming the effectiveness of this strategy.
Such market conditions often provide multiple entry opportunities. The key lies in identifying support and resistance levels, as well as signs of weakening during price surges. When the market repeatedly tests high levels without breaking through, it often signals an upcoming correction. For traders participating in these moves, strict risk management remains paramount. Data is for reference only; specific operations should be adjusted flexibly based on real-time market conditions.