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Yesterday, there was another round of long and short traps, and looking back, it was quite exciting.
When Ethereum dropped from 3115 to around 3100, entering a light long position was a good opportunity, with a stop loss placed at 3040. On the Bitcoin side, once it reached 90700, I had already taken profits.
From the recent surge on the 2nd, the current correction has actually reached the midpoint. The liquidation intensity at the 93000 level has indeed been significant recently, and the logic of advising everyone to go long starting last night is based on this. Currently, the long positions are still held, mainly watching whether it can continue to break through.
Bitcoin has already broken the one-hour level of the long-short dividing line, while Ethereum is still in friction. Once Ethereum also breaks through, it’s highly likely to continue the rebound. At this point, it’s important to have a plan for partial take-profit on long positions and not let profits slip away.
At this stage, market volatility is actually not large. While this makes risk relatively more controllable, the returns are not as ideal. Instead of blindly chasing, it’s better to patiently wait for key levels each day to enter, which can improve the win rate.