10.13 Tuesday early morning strategy $BTC
What does it mean to capture both long and short moves? This is a real-life example! Bitcoin was highly volatile today, rising first and then pulling back. As for today’s intraday setups, the results speak for themselves—we maintained firm control throughout. We flagged a long position early in the morning and continued with the buy-the-dip approach, entering a long position near 83400 in advance and taking profit at 84300 for a 930-point gain. In the morning, we once again set up an Ethereum long position, entering at 2536 and exiting at 2578, securing another 42-point gain. In the afternoon, we keenly identified the turning point and noticed that the upward momentum was exhausted, so we immediately switched strategies and set up a short position. Bitcoin was sold near 83500 and covered near 82500, successfully capturing the entire downward move for a gain of over 1000 points. Today, we profited from both long and short positions, with all strategies announced in advance. By knowing when to switch direction, you will not be constrained by a single trend: you can capture the benefits of rising prices and follow the trend when the market reverses, without missing any of the opportunities the market offers. $SOL
From a macro perspective, today is October 13, and CPI inflation data will be released on the evening of October 14. This data will very likely trigger significant market volatility and requires close attention. Returning to the charts, on the 4-hour timeframe, the market continued moving downward in the afternoon, reaching a low of 82300, while overall rebound momentum remained weak. The current price clearly lacks the momentum to break above the 83000 level, and the medium-term market remains under pressure. Switching to the 1-hour timeframe, after breaking below 82000, the market became temporarily oversold, creating a relatively clear demand for a short-term rebound. However, heavy overhead resistance will limit the rebound’s upside. As previously noted, Bitcoin could be bought near 82500 and Ethereum near 2520 to trade a short-term rebound. At this stage, there is an opportunity to trade a rebound in the short term, but the weak broader trend has not improved, so repeatedly entering long positions is not recommended. Considering all timeframes, the more prudent and controllable core strategy at this stage remains to short into strength on rebounds. $ETH
Bitcoin: Short in the 82800-83300 range, targeting around 81500
Ethereum: Short in the 2510-2540 range, targeting around 2450.