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Bitcoin at 76,000 long positions, this morning successfully reached the second target level of 78,000.
Yesterday, I publicly reminded everyone that brothers who took profits and closed their positions earlier, can re-enter long positions when the market pulls back to around 76,800.
This morning, all positions were collectively taken off at the 78,000 level to reduce risk$BTC .
So, the long positions at the low of 76,000 and the second entry at 76,800 yesterday, can be partially closed at 78,000, leaving a residual position to manage the cost basis.
The ultimate bullish target remains in the 78,500-79,200 range.
Once the market reaches this zone, approaching 79,500, it can be an opportunity to attempt a short position.
If we first cut our cost basis, and the market pulls back to 75,200 or 74,500, we can continue to add long positions in batches.
The overall trading strategy remains unchanged.
Now, let's look at Ethereum.
We entered a long position at 2,075 near the bottom of the dip, with the second target set at 2,160.
This morning, the price peaked around 2,157, very close to the target level.
The overall trend is relatively slow, with a profit of about 70-80 points.
Ethereum's short position zone is set between 2,180 and 2,200.
If we first cut our residual position's cost basis, we can re-enter long positions in the 2,030-2,042 range. $ETH
Currently, the overall market is weak.
Our long positions mainly aim to capture short-term rebounds and pullbacks for profit.
Position holders can set their defensive stop at their own cost basis to protect profits while patiently holding for higher gains.
Other operations should follow the established plan.