Currently, from the overall trend perspective, a pullback is not enough to change the overall long positions trend and form a true reversal, but it will present certain bear trap opportunities. Although the short-term structure still leans towards a weak continuation trend, the current weak trend can be understood as a bear trap. Overall, the structure is still mainly bullish. Looking at the small cycle, the coin price has confirmed support around 87000. Since support has been confirmed, the subsequent movement will be a Rebound. The overall market is indeed rebounding; therefore, after a pullback, it is the time to enter long positions. After the pullback, just enter long positions directly!
The midday Bitcoin is directly long around 87300-87800, first looking at 90000. Ethereum is around 2930-2950, first looking at 3100.
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Currently, from the overall trend perspective, a pullback is not enough to change the overall long positions trend and form a true reversal, but it will present certain bear trap opportunities. Although the short-term structure still leans towards a weak continuation trend, the current weak trend can be understood as a bear trap. Overall, the structure is still mainly bullish. Looking at the small cycle, the coin price has confirmed support around 87000. Since support has been confirmed, the subsequent movement will be a Rebound. The overall market is indeed rebounding; therefore, after a pullback, it is the time to enter long positions. After the pullback, just enter long positions directly!
The midday Bitcoin is directly long around 87300-87800, first looking at 90000. Ethereum is around 2930-2950, first looking at 3100.