$BTC $ETH

Yesterday analysis:
Unfortunately, the short on ETH 1809 only briefly captured a gain of a bit over 10 points, but it was stopped out and broken through by the unexpectedly strong CPI data. If any smarter brothers had exited before the CPI, there would also be decent returns. Going forward, I will make timely reminders: if there are important data releases that day, try to withdraw intraday positions before the data is announced.
Today’s strategy:
Short ETH 1904, stop-loss at 1919 (you can also consider adding at 1940), take profit at 1876
Long ETH 1845, add more at 1809; if it falls below 1800 and the body can’t reclaim it, cut the loss—take profit is set at 1990
Short BTC 65200, stop-loss at 65600, take profit at 64000
Long BTC 64000, stop-loss at 63000, take profit at 66400
Summary:
Right now, the price action shows a breakout of a weekly-level downtrend line. I’m not sure whether it’s a bull trap or a real breakout, so we need to observe. Recently, news has been coming out frequently, so we can’t make easy assumptions, but in my mind I still lean toward a bullish bias: as long as it dips, I’m confident enough to take longs. The current lower defensive line is around 1777—if it breaks, it’s likely a fake breakout. Make sure to set stop-loss orders only; don’t hold positions and “tank” through them.