BTC, ETH Night Viewpoints

BTC
Is today's trend similar to what we talked about during the day? In the day, we expected a small-level rebound in the US stock market and a short position afterwards. We can see that Bitcoin rebounded from 1143 to 1158 during the day, but after the US stock market opened, it began to gradually decline. Currently, it has reached a low of 1135. Unfortunately, whether going long or short, the positions are slightly off from our expectations. However, I always remind some fan friends.
The evening viewpoint can clearly see that the strength of the rebound is still much smaller than the magnitude of the pullback. The overall idea remains the same, just the position has changed. Currently, the BTC has begun to tentatively test around 1130. We will not speculate on whether this position will break, but the rebound of BTC has been continuously weakening. From the first 1169 to today’s 1158, each rebound has been followed by a new low, with the first at 1143 and today’s at 1135 clearly visible. So, to truly strengthen the rebound, it must break through 1158 and stabilize there to gradually recover. Until a signal is given, we can lay out around this position (1154-1156), with 1160 as a defense. For now, we will not consider going up, unless an extremely good position is provided for speculation (such as probing 1127-1118 to check the rebound; if the strength is sufficient, we will set the pattern; if not, we will look for the rebound after probing).

ETH
During the day, there was also a small level rebound, from 4192 to 4340. Following the US stock market, it began to decline, with a difference of 6 points from the suggested short position at 4346. Since the trend is consistent with Bitcoin, let's make it brief: for a daily line rebound, it also needs to break through the 4340 level and stabilize above it to gradually recover. If it doesn't happen, we can look for a short-term pullback instead. The focus is around 4278-4311, with 4346 as the defense level. For a potential upward move, we can look for a spike down to 4123-4086 for further opportunities. If it strengthens, we follow the trend; otherwise, we can look for rebounds after the spike.

The position may be inaccurate and is for reference only. Determine how to enter based on market trends, above. #BTC# #ETH#