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Bitcoin, as predicted, has once again retraced to around 90,000. In recent live broadcasts, I kept emphasizing that both Bitcoin and Ethereum have the potential for further pullbacks. Be prepared in advance, try to top out, wait for Bitcoin to retest, and perform the same operations on Ethereum simultaneously.
Because Bitcoin previously retraced around 94,000 and 92,000, reaching approximately 87,000. Ethereum retraced from 3,238 to 2,913, and again from 3,446 to 2,773.
Now, Ethereum surged to around 3,307 and retraced again near 3,124.
We precisely opened short positions at the 3300 level. Simultaneously, we opened short positions around 94,450 on Bitcoin.
Short-term long and short positions at intermediate levels were also profitable.
This shows that our trend judgment is correct, and our trading strategy is effective. The short-term long and short positions at intermediate levels are also accurately placed. This approach can consistently generate profits. As long as proper position management is maintained, avoiding heavy positions, all key levels can be traded lightly, allowing for some tolerance and avoiding getting trapped.
Currently, the market shows that Bitcoin and Ethereum are experiencing normal corrections, not a breakdown, still in a volatile range.
Therefore, our strategy remains to buy on dips at low levels and sell on rebounds at high levels. Meanwhile, long positions at low levels should be protected with stop-losses, setting stops within an acceptable range, such as 30-50 points. Take profits and reduce positions to break even, mainly to guard against deep corrections in Bitcoin and Ethereum.
Real-time entry points and strategies for short-term trades will continue to be shared during the live broadcasts every evening.
Feeling a bit tired lately, working and resting during the day, and occasionally doing live streams during lunch to discuss technical topics. Usually from 5:00 to 9:00 in the morning, and from 6:00 to around 12:00 at night.
Thank you all for your recognition and support. Wishing everyone good luck and daily profits!