1:40 PM

The current market situation is as shown in the picture. If we zoom in on the chart, we can see that it is experiencing a wide-range oscillation and correction. My personal view has always been to take a long position at lower levels, but the market situation has indeed been a struggle, with back-and-forth movements. A reasonable stop loss is below 2985; if the stop loss is not reasonable, a single oscillation could trigger it. I personally would only consider the rebound to be over if it breaks below 2985 and closes below it. Even if it is a weak rebound, it is still part of the rebound. Given the current wide-range oscillation, one can trade back and forth around 3000-3070. Those who are not focusing on the broader picture may gain some benefits. This kind of trading cannot be judged as right or wrong. There are advantages to having a broader perspective, and there are also advantages to not having one. In any case, I do not recommend opening positions frequently. Currently, as long as the major direction does not break below 2985 and close below it, I still see Ethereum potentially reaching around 3150, with Bitcoin's demand between 93400-600.
The Bitcoin price is oscillating between the range of 89200-92000. If 89200 holds, I will see a large potential. However, analysis and real trading are two different things; after all, the market is dynamic. As traders, we must contend with the multifaceted nature of human behavior. Some say to wait until 89200 breaks before shorting, but by then, all the profits might be taken by others. =.= So, these matters cannot be made clear. We are speculators, not investors, and there is always a probability issue involved. Of course, my perspective is not necessarily correct; it's just for everyone's reference.
Currently in a volatile state, there's no need to constantly trade and monitor the market. It's time to rest, engage in activities, and exercise. For this weekend, let's primarily adopt this viewpoint. This is just my personal opinion, for reference only. Finally, have a great weekend.