The current pullback has basically reached its bottom, with all shorts being sold off and panic longs mostly exhausted. There is a strong atmosphere of going long near 92,000, which is a rare opportunity for institutional users. Many retail investors are still hesitating, which gives institutions a chance to go long. There are also many retail investors expecting a drop to 89,000 before buying in, which is a very greedy idea. At this stage, there are no short orders willing to follow suit, so it's time to go long immediately. This is a once-in-a-lifetime opportunity. Analysis: "Short term, BTC is expected to be between 92000-95000 (if it stays above 9200, the target is 96000), and ETH is expected to be between 3200-3600 (if it stays above 3200, the target is 3600). Currently, both are strong support levels." Don't worry about breaking 91000, if it happens, it's a rare opportunity.
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#BTC Ethereum and BTC, when go long immediately:
The current pullback has basically reached its bottom, with all shorts being sold off and panic longs mostly exhausted. There is a strong atmosphere of going long near 92,000, which is a rare opportunity for institutional users. Many retail investors are still hesitating, which gives institutions a chance to go long. There are also many retail investors expecting a drop to 89,000 before buying in, which is a very greedy idea. At this stage, there are no short orders willing to follow suit, so it's time to go long immediately. This is a once-in-a-lifetime opportunity.
Analysis: "Short term, BTC is expected to be between 92000-95000 (if it stays above 9200, the target is 96000), and ETH is expected to be between 3200-3600 (if it stays above 3200, the target is 3600). Currently, both are strong support levels."
Don't worry about breaking 91000, if it happens, it's a rare opportunity.