BTC $ETH

Morning Silk Road and Recommendations
Last night, it touched around 76,200 and faced resistance, then declined all the way down, currently falling to the 74,000 level.
Long position support: After stabilizing around $74,500, consider a small long position, target $75,500, stop loss $73,800.
Resistance for short: If it rebounds to around $75,500 and faces resistance, consider shorting, target $74,500, stop loss $76,200.
Conservative wait-and-see: Most advice is to wait and see, and only consider going long after effectively reclaiming $2,300.
⚠️ Important Risk Reminder
Position management: It is recommended to keep total positions between 40-60%, with a single stop loss not exceeding 2% of the principal.
Unclear technicals: Currently, the daily chart shows alternating bullish and bearish signals, and a trend-breaking move has not yet formed, so avoid blindly bottom-fishing.
💡 Overall Advice
The current market direction is unclear, so it’s advised to be cautious and wait-and-see, watching more and acting less.
If trading, use small positions and a quick in-and-out short-term strategy to avoid heavy positions chasing rallies or selling in panic.
Focus on whether Bitcoin breaks through support at $74,500 and resistance at $75,000, as well as Ethereum’s key level at $2,300.
Bitcoin can range between 74,200-74,700, aiming towards 73,700-72,700.
Altcoin suggestions: range between 2,290-2,310, aiming towards 2,240-2,200.
These are personal suggestions only; please follow Sister Lin’s layout for specific guidance. $BTC