Currently, the market has effectively broken below 1990. The strategy is to short on rebounds, with the possibility of a second test. Yesterday, Ethereum surged to 1940-45 resistance but did not break through, providing an opportunity to add to long positions with a break-even stop-loss. After some consolidation and a midday decline, it turned bearish. The end of the daily rebound still carries the possibility of a second test. The same applies to Bitcoin; currently, the resistance above is 2045, with support around 1940, and Bitcoin at approximately 66,400.
The strategy is to short on rebounds, and avoid going long below 2045. Anticipate short positions at current prices; position control is key.
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Xuxiao
· 9h ago
Just have to wait for the paycheck, then add some more. Everything is a complete loss. Copy trading doesn't work either. Everything is ruined😓
Currently, the market has effectively broken below 1990. The strategy is to short on rebounds, with the possibility of a second test. Yesterday, Ethereum surged to 1940-45 resistance but did not break through, providing an opportunity to add to long positions with a break-even stop-loss. After some consolidation and a midday decline, it turned bearish. The end of the daily rebound still carries the possibility of a second test. The same applies to Bitcoin; currently, the resistance above is 2045, with support around 1940, and Bitcoin at approximately 66,400.
The strategy is to short on rebounds, and avoid going long below 2045.
Anticipate short positions at current prices; position control is key.