Yesterday, Bitcoin, we set a short position at 81600 and added another at 82500. Although the short position is a bit difficult, the market still cooperated and came down. The one-hour chart is currently showing a structure of a high-back pullback + high-level fluctuation. In order to test the high point of 82800 again, it must hold steady above 81800. The first support area below is between 80400 and 80000. If the 80000 support is effectively broken down, it will further test the strong support at 78800 to 78600. If this position does not break, the upward trend can still be maintained.
Recommendation: Lightly enter long positions around 80400-80000, with a target of 81400-81800. If the price bounces back to this resistance level and encounters resistance, and MACD does not show a clear reversal, then a short position can be taken near 81400-81800, targeting 80400-80000. After breaking down, watch for 78800 to 78600.
Ethereum has been in a fluctuating correction phase after retracing from the near high point of 2423. Both parties' pressure levels are in the range of 2350 to 2360, which is a dense trading area above the current price. If it holds steady in this range, it will signal a rebound. The first support area below is near 2320 to 2300, which is also our take-profit target for yesterday's short position. The second support level is in the range of 2280 to 2290. If it breaks down, the short-term upward structure will face damage.
Recommendation: Enter long positions near 2320-2300, with a target of 2350-2360. If Ethereum's performance is weaker than BTC, it will follow Bitcoin's pullback. Upon rebounding to 2350-2360, enter short positions targeting 2330-2300, with a breakout watching for 2290-2280 (the market changes rapidly, strategies are for reference only, remember to manage stop-loss and take-profit).
Public account: Thirteen Ethereum
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