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The recent crypto market has slowed down, with all coins repeatedly digesting previous gains. Looking back, the long positions placed around Ethereum 3050 and Bitcoin 90100 have already yielded profits — Ethereum reached a high of 3170, and Bitcoin even surged to $92,495, hitting the targets quite precisely.
The current trading approach needs to focus on the range. For Ethereum, the support level has moved up to $3090; as long as this level is not broken, continue to buy low and sell high. Key levels to watch above are $3210 (consider short positions if touched) and the long-term resistance at $3450. For Bitcoin, support has been raised to $89,888, maintaining a volatile stance. Once it hits $92,666, consider shorting.
The core point is: until there is a clear breakout of the range, don’t rush to judge the trend direction. Both upward and downward movements are possible; the key is to control greed. Also, this strategy only works for one cycle, don’t expect to reuse it repeatedly.