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Recently, the market has been quite fast-paced, so I want to summarize the recent trading approach.
From the overall perspective, both Ethereum and Bitcoin's resistance levels are weakening simultaneously. We took short positions at high points 3005 and 90100. At the same time, we set support levels for take-profit below—Ethereum around 2870 and Bitcoin around 87500. The first wave of operations was to trade within this pressure-to-support range.
Subsequently, the situation changed. When the lows were raised and the exchange rate started to rebound, we promptly adjusted our strategy and shifted to a bullish outlook. The logic here is that once the exchange rate stabilizes and rises, it indicates that Ethereum's strength is recovering, so we increased our long positions and continued to follow the trend.
The third step is quite critical. When Bitcoin and Ethereum's exchange rates both hit the resistance zone, we decisively issued a short signal at the 3068 level. The same happened when the 94,000 level was broken; we immediately advised everyone to switch to short positions and avoid holding overly long.
If you've been following the rhythm these days, you should have captured quite a few swings. The key is to adjust your bullish or bearish outlook based on changes in resistance and support levels, and not to be driven by emotions.