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These past couple of days, my trading has been a bit emotional, stopping out on one trade, while the other three "set up" for big profits but were protected before hitting targets. Tonight, I will go all in cash to adjust.
A trend reversal is imminent, with BTC attention at 64,745, especially in the 65,357-65,872 range, and ETH around 1,816.
If broken effectively, there is hope for a slight rebound, then re-entering long positions on pullbacks, but the distance shouldn't be too far. For ETH, more focus should be on the specific levels based on BTC's resistance situation.
Overall, the market is in a state of divergence across various levels, with prices touching the bottom of the range since February 3rd. The probability of a direct downward breakout is higher than a decent rebound, so the levels mentioned above are mainly for reference in setting up short positions, with a focus on shorting during rebounds.
Support levels below: BTC—57,167-61,453 (already reached), ETH—1,496-1,573 (since I mainly trade ETH, I will give more detailed levels for ETH).
Personally, I will pay attention to the position where the daily MA5 reaches tomorrow and around 1,816, observing the daily chart structure to decide whether to short at this level.
The recent emotional state has distorted my trading, so late-night reflection is also a reminder to myself: trade rationally without emotion, analyze capital flows based on price action, which is the core trading principle.
Good night everyone, wishing you all to profit against the trend~