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BTC: Even though Ethereum was making waves yesterday, it was expected. Bitcoin still faces a four-hour rebound resistance, and currently, it's just slightly past the aggressive position. However, whether Bitcoin breaks the second four-hour resistance level will be a key price action determining whether to continue looking for new highs.
ETH: After the weekly position is completed, it is recommended to consider the position of the pin bar and position two. Currently, it has hit the pin bar area and is in the early stage of a pullback. However, whether it will rise again to position two is uncertain 🚫. So how should we respond if we have already entered? First, implement the multi-account strategy as before. For short-term traders, you might consider reducing your position and maintaining a breakeven stop loss. For medium to long-term traders, continue to hold, and even if it rises again to position two, consider increasing your position. This is somewhat similar to the strategy of shorting in batches between 4000-4200, with a larger margin for error and lower leverage in batches. For medium to long-term positions, you can also build positions one at a time, keeping breakeven stop losses or small profit stop losses at the pin bar. Stop losses have their pros and cons, so it depends on individual habits. In principle, avoid taking too large a loss at once, as excessive losses have affected overall profits in the past.
Shorting that coin from the clone C last night was possible, but going long was not, as there was no lower limit on the drop. It's currently approaching the opening price, and there are some signs of a stop in the decline.
If there are other strategic ideas during the day, we will notify you.