The market is moving too wildly! BTC and Ether are still rising! Continuously breaking through and rising, there’s no pullback at all. Did the bulls take some strong medicine? Our afternoon layout of a BTC short order sadly hit the stop loss with over 600 points of space, while we did not lay out for Ether. BTC surged from 119200 all the way up to 120700, and Ether rose to around 4715. This is the main battlefield for the bulls, giving no room for bearish traders to breathe. I can only say one thing, it's hard for me to be short.

The current market shows an extreme long positions trend, with BTC breaking strongly from 119200 to 120700, and Ether stabilizing above 4715. The K-line has been continuously showing large bullish candles with almost no pullback. Although the 4-hour RSI has entered the overbought zone, the continuously increasing trading volume indicates that this is a strong one-sided trend driven by institutional funds. In this short squeeze trend, all technical resistance is practically nonexistent, and any counter-trend short order could be ruthlessly crushed.

The most prudent strategy at the moment is to follow the trend. You can wait for the first 1-hour pullback before entering long positions, or you can enter long positions with a small amount while setting a strict stop loss. Remember, in such a volatile market, it's better to miss out than to make a mistake; do not try to guess the top. The market is always right. Adjust your mindset in a timely manner and respect the trend to survive in this market #ETH突破$4700 .

BTC strategy: Long around 120000, target 121500
Ether strategy: long around 4650, target 4750