After a certain high test at the 106500 line, the intraday market faced pressure and fell back, with the U.S. stock market opening pushing the market trend to plummet about 3000 points, currently dropping to around 102000. Ether synchronously retreated to a depth of 2363 with BTC, and we maintained a bullish stance during the intraday trading hours, also keeping a winning position. With the evening plummet, we positioned a long order around 105000, setting a stop loss at 103800 while watching for a pullback, ultimately taking profit at around 102500. For Ether, we set a long order near 2520, with a stop loss at 2480 to watch for the continuation of short positions, and another stop loss at 2400. Although BTC did not recover losses in the evening layout, it still harvested a significant profit during the day, totaling 2933 points. Ether gained a total of 110 points. It's important to manage stop losses on any trades; in this crypto world, no one can guarantee profits all the time, so reducing losses becomes the most crucial thing.

Currently, from the market perspective, the daily chart shows a relatively long upper shadow of a medium bearish K-line, indicating a pullback during the day. The market has dropped below the previous strong support level. Although it has not further pulled back and broken the 102000 level, it has currently shown some bearish signals. The Bollinger Bands are still in a flat state, and for the market to break down further, it needs to consolidate before there is a possibility of further declines. Looking at the current heatmap, the liquidation force at the bottom is not strong, and the high leverage in this pullback has mostly been cleared. The market still has some recovery potential. On the four-hour chart, two large bearish K-lines have opened up space below, and the Bollinger Bands are still not fully opened. Currently, after hitting the bottom, there are signs of a rebound with a lower shadow being formed. The market is waiting for the U.S. stock market to close, which could create some rebound space. In the future operations, it is advisable to accumulate positions with light holdings.
BTC can be long around 103000, looking at 105000. Ether can be long around 2415, looking at 2520. #BTC# #ETH#