Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Wednesday's market suddenly turned around, with Bitcoin soaring to around 97,000 and Ethereum simultaneously breaking through 3383. This wave of rally caught many off guard. After staying bullish for over a week, I sold halfway through the day before yesterday, only to see the market take off. That feeling was even worse than missing out. Short-term, I reversed and opened a short on Ethereum, but was swept out with a 40-point loss, truly losing both wife and soldiers.
From the current pattern, the risk of chasing highs in the short term is relatively high. The opportunity to go long still depends on a pullback, but the structure is pulling in a large range, and it's hard to say exactly where it will return to. For now, I can only follow the market rhythm and wait for signals before taking action. The trend is unlikely to reverse immediately in the short term; overall, the momentum remains relatively strong. You can follow the trend to go long first, and consider a reverse position when approaching resistance zones.
It is recommended to build long positions in Bitcoin around 94500-95000, targeting 97000. If this level is not broken, then switch to a bearish view. For Ethereum, go long in the 3290-3310 range, targeting 4400. If that level is not broken, then switch to a reverse strategy.
After so many years of trading, having experienced several cycles of bull and bear markets, I gradually realize that going solo is not as good as banding together for warmth. In the face of market conditions, everyone is equal. Only those who truly want to learn can go further. #策略性加码BTC $ETH