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Wednesday Morning | Tang Long's Trading Strategy
In the early morning, Bitcoin dropped below 69,000 but was quickly pulled back, rebounding to around 71,000. The overall pace is similar to yesterday.
ETH is the same way, retesting 2,100 to find support, now oscillating around the 2,160 level.
From the chart perspective: The daily line formed a doji, with support below but significant pressure above. The strength of the bulls is clearly insufficient, and short-term movement looks more like back-and-forth oscillation.
On the 4-hour level, Bitcoin spiked down to 69,000 and rebounded, but the key resistance above hasn't been broken, indicating it gets pushed down whenever it rises. Today's bias remains weak, with the main strategy being to short on rebounds.
Trading Strategy:
BTC: Look for opportunities to short in the 71,000-71,500 range, targeting 70,000 → 69,000 → 68,000
ETH: Short in the 2,170-2,200 range, targeting 2,140 → 2,100 → 2,050
Simple summary:
Don't chase rallies, wait for rebounds to short, trade conservatively. #BTC突破71000美元 #美股三大指数集体收涨 #以太坊L2叙事再升级 #黄金创43年来最大单周跌幅 #Polymarket开始押注国际事件 $BTC $GT $ETH