Bitcoin, Ethereum Tuesday Summary Analysis

The market today has already completed its cycle. Since Bitcoin adjusted for a day on Wednesday, it has surged like a flood, with an unstoppable upward momentum, reaching around 124545 in the early hours of Thursday, before subsequently retracing downwards. During this time, we have been strategically placing long positions. On Wednesday evening, we entered at 120547, and upon reaching 121748, we exited, capturing a profit of 1201 points. Later, we entered again at 122314 and exited at 123460, achieving another profit of 1146 points. These are just some of the publicly disclosed trades. There are still opportunities in this market trend. If you find yourself unsure about how to navigate such market conditions, feel free to reach out to me anytime.
According to the current situation, the Bitcoin daily chart shows a large bearish candlestick, which has dropped from above the upper Bollinger Band to the middle band, but has not yet broken through. The gains from the past few days have been completely given back, indicating that the magnitude of this correction is still significant. From a technical analysis perspective, the MACD indicator is showing signs of a bearish crossover and is very close to the zero line, indicating that this downward correction will continue. The RSI has also shown a bearish crossover, with bullish momentum continuously declining, which shows that the bears have indeed become dominant. We can follow up with short positions.
Short Bitcoin at 117600-118000, target around 116500; short Ethereum at 4530-4560, target around 4470. #BTC再创新高#