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Morning Silk Road and Recommendations
Looking back at the recent market fluctuations over the past two days, with intense tug-of-war between bulls and bears, many friends have been washed out and lost their direction.
My approach has always been clear: mainly shorting from high levels, not being fooled by short-term rebounds, and sticking to key resistance levels to precisely position for short trades.
Bitcoin and Ethereum combined have yielded considerable profits. Volatile markets are not scary; with the right timing and accurate entry points, you can still steadily profit. Follow me for steady gains. Last night, influenced by U.S. stock market movements and Iran’s reconciliation news, there was a slight uptick, but it did not break through the upper resistance level effectively. Therefore, we still focus on shorting from high levels.
Morning Recommendations
Bitcoin rebounding to around 72,000-72,500, consider shorting; watch for support at around 71,000-70,000. Medium to long-term target is 69,000.
Ethereum rebounding to around 2,250-2,270, consider shorting; support at around 2,180-2,150. Medium to long-term target is 2,080.
These are personal suggestions only. Please follow Sister Lin’s layout for specific strategies.
$BTC