13:40

Yesterday I mentioned that the overall trend is upward. I don’t care how it moves on the lower timeframes—the 4-hour to daily charts show a need for a rebound. The only difference is the strength: Bitcoin has reached the first take-profit level, and Ethereum has surpassed the first take-profit level at 2940 and is close to the second take-profit target. After all, Ethereum is more volatile.

Personally, I glanced at the market in the middle of the night and manually closed all my positions. For now, my approach is still to go long on dips. The reason is the daily chart rebound. Waiting for a pullback on the lower timeframes, going long on the rebound offers a much better risk-reward ratio than going short, especially since I focus mainly on intraday swings. I don’t do ultra-short-term trading as I don’t have a system for it, and if not done well, it can really mess with your mindset.

So, here’s what’s next, as shown in the chart: Ethereum is currently in a 15-minute to 1-hour pullback, and 2900 has become a short-term support. That yellow line hasn’t moved at all—you can check yesterday’s chart. There’s a possibility of a false breakdown at this position, possibly down to around 2870-80, which could give us an opportunity to go long. If it doesn’t reach that level, you can enter in two batches later on. Major moves usually happen around the US session, so it’s worth being patient. There’s a chance for Bitcoin to reach around 87200. I’m not saying this to get everyone to short, because the daily chart rebound favors longs. You might just miss out on a long, but if you open a short and don’t set a stop loss, you could get trapped if you don’t take profits. Whether there’s a reversal afterward is just a matter of probability.

So the strategy is clear: Ethereum long targets are around 2990-3040, Bitcoin around 89200-92000, and SOL similarly has potential to reach above 144.

Just my personal opinion, for reference only.

See you around 14:20 in the live room—I’ll go over the logic.