5.5BTC/ETH Market Outlook:

Yesterday, the V-shaped rebound kept happening. If you're someone chasing the rise and selling the dip, you’ve probably been taught a lesson back and forth. First, it was pulled up from 78,200 to over 80,500, then it formed a V-shaped bottom near 78,100, and in the evening, it went back up to around 80,500 again. Who can handle this? It’s like a roller coaster. The US and Iran have some movements, which immediately show up in the crypto market. Meanwhile, Zhongliang, who’s been shorting all the way, got caught and called a dog, cursed as a dog, but there's no choice—he has to share, he must share, can’t be a dead dog!
Bitcoin can avoid shorting, but don’t chase the rally directly around 80,000. That’s the first point to emphasize. The bulls have been impressive lately, making huge profits, no doubt. But around 80,000, don’t chase the rise directly, or a slight pullback will make you uncomfortable. If you don’t have positions, it’s also not recommended to keep guessing the top on the left side, keep trying to short, because it’s easy to get caught and too exhausting… As for listening to Zhongliang’s crazy talk, if you shorted around 78,500 and are now caught, then survival is the priority. Those who shorted around 76,000 earlier, manage your positions carefully—survival is the key! Survival is the key! Survival is the key!!!
Once there’s a pullback, reduce your shorts or take profits to break even. Be sure to watch out for forced liquidation, don’t blindly add positions to average down, as it will bring the liquidation closer. The current bullish structure makes it hard to guess the top, so shorting is purely trying to catch the top on the left side, which is easy to get caught. If there’s a high-level pullback, 77,000 below must not break. If it breaks, the bullish upward structure is broken, and the bullish trend may come to an end.
For short-term intraday trading, you can rely on the support at 78,500 to try long positions on dips. If there’s a small correction, it shouldn’t break this level. Going long here and aiming for 80,000 or 81,000 still yields profits. If there’s a big correction, consider adding a long at 77,000 with a small stop-loss. If it breaks below, the bullish trend will struggle to continue, and the rebound will end.
Ethereum is not as strong as Bitcoin, and fearing a late rally, the operation should mainly focus on buying dips on the left side. Watch the support at 2,320, the middle band of the daily Bollinger Bands. Going long here and aiming for 2,400 or 2,450 still has profit potential. Don’t chase the rise; try small stops on dips. If it breaks below, the bullish momentum weakens, and the trend can’t continue.