Thursday early morning technical review and trading summary

Opportunities in the market are hidden in the gaps between volatility and skepticism. Truly smart traders never chase the trend; instead, they see the next move clearly before others notice.

How did the market move yesterday? Bitcoin retraced from 93,728 early morning down to around 91,209, then rebounded, reaching a high of 93,825 in the morning session. In the afternoon, it pulled back to around 90,700 and consolidated. Ethereum followed the same rhythm, dropping from 3,277 to a low of 3,180, then rebounding to 3,301, and finally falling back to around 3,130.

What about our trading strategy? Early morning, we set up long positions between 91,500-92,000, and Ethereum longs around 3,220-3,200, hitting targets precisely. In the morning, we switched to short positions between 93,500-94,000, shorting Ethereum near 3,280, which validated our analysis logic. In the evening, we re-entered long positions at 91,500, with Ethereum longs around 3,200-3,180. However, this rebound was weak, and we exited near cost.

Closing performance: Today, four short trades and one long trade resulted in a profit of 3,989 points; Ethereum positions yielded 167 points.

What is the current market situation? The market has entered a consolidation phase. The support line at 90,500-90,000 remains solid—every dip is quickly met with a rebound, with no real breakdown. Although the overall movement is within a range, multiple attempts to short have not caused a substantial breakdown; instead, the market often recovers some losses, indicating room for further rebounds.

With such a tight battle between bulls and bears, the trading approach is clear: follow the rebound trend and go long.

Specific positions: Set up long positions on Bitcoin around 90,500-90,000, targeting the 93,500 area; on Ethereum, go long near 3,120-3,100, aiming for the 3,250 area.