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Liangqiu: 11.5 Bitcoin/Ether continues to analyze the market conditions near midnight.
Bitcoin/Ethereum followed the market sentiment last week, with Ethereum achieving a clear gain of over 1000 points. This week, Ethereum had a long position followed by a short one early this morning, with a short at 3680 and a take profit at 3580. Reminders were given for these trades. If you missed the low point today, the multiple reminders during the day for a retracement long reached the target line of 3580. Overall, another gain of over 300 points can be observed, and the market provided a strong opportunity. Congratulations to those who followed the strategy.
Currently, the market has started to fluctuate at low levels after a rapid decline in the afternoon, with the rebound strength not being strong and the trend still relatively weak. The overall trend on the daily chart remains bearish, which was emphasized multiple times yesterday. Therefore, both long and short positions can be taken. In the evening, we successfully took profit on our long position at 3580 and entered a short position, which currently has quite a good space. In the early morning, we can continue to look for a rebound after a pullback.
Early morning trading suggestions: Buy Bitcoin around 101800-102400, target near 104300; Buy Ether around 3420-3450, target near 3550, nephew at 101300 and 3400.
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