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Recently, many traders have been asking about the market fluctuations—why are long positions easily pulled back? When reaching resistance levels, the price starts to decline~ At this point, if you're still in a loss, we need to calmly review the situation. By the way, if you have questions, you can ask me at 9 PM on Sunday evening.
Tonight, the non-farm payroll and unemployment data will be released, which is a critical time point. There is a high probability that a downward pin bar will appear on Friday, so do not blindly go long. Wait until support levels are confirmed before entering the market. Once support is established, the market usually takes off. When approaching Bitcoin's resistance zone, there will also be noticeable pullbacks.
The target has been reached. Interestingly—did I predict the market trend, or did the market follow the prediction? (Smile)
**Specific strategies are as follows:**
Regarding Bitcoin, if during the night the price retraces but does not break below 90858, it will continue to rise. Prepare to short around 93000. Upon retracement, continue to focus on going long. Aggressive traders can enter their first positions at 90600. A conservative approach considers support levels at 89888/89300, with stop-loss set below 88800.
Ethereum needs to stabilize above 3135 to initiate a new upward wave. Resistance levels are at 3175/3215/3254, with a defense at 3280. Support during retracement is at 3095/3059/3011, with a defense at 2980.
**Key reminder:** Opening a position must include a stop-loss (Bitcoin 500 points spread, Ethereum 50 points spread), and risk management must be strictly enforced. Market opportunities are never lacking; what’s missing is the mindset and position management. When market prices hit key levels, adjust flexibly—don’t stubbornly stick to the original strategy. If there is a major news impact or a break below critical levels, reassess the situation. Maintaining respect for the market is the foundation of long-term trading success.