The market has finally experienced some fluctuations. During the midday rally, the price moved from around 76,600 to approximately 77,200. Our previous short-selling strategy unfortunately resulted in a 400-point loss. However, there's no need to worry too much; I believe this loss will eventually be recovered!



From the current market perspective, on the daily chart, as previously mentioned, we are in a critical battle between bulls and bears. The slight rally after this wave of consolidation clearly indicates that the bulls are reluctant to let the market enter a downtrend channel, and they are striving to stabilize. Moving to the four-hour chart, the market has broken the stair-step downtrend pattern, returning directly to the middle band. Coupled with the upcoming surge in trading volume signaling a new upward channel, based on this information, our subsequent strategy will shift to mainly low-position long entries. At this point, avoid short positions as the risk is very high. Once the upward trend is confirmed, traders holding short positions may find themselves trapped and unable to exit!

BTC: Enter long near 77,000, target 78,000

ETH: Enter long near 2,120, target 2,220
BTC-0.74%
ETH-0.43%
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