Good evening everyone. I am a trader who dies with one hit. Today, whether it's Bitcoin or Ethereum, the volatility is not significant. I hope everyone is getting a good rest.

Let's take a brief look at the overall trend. Yesterday, Bitcoin briefly broke below 90,000 at 11 PM and was supported around 89,800. The bulls ignited, and the market spiked to around 92,000, liquidating 20 million dollars of short positions, while the spike at 4 PM on the 9th liquidated 15 million dollars of long positions. This was equivalent to a double-sided high-leverage position within the day. Looking again at Bitcoin, after breaking above 91,800, it fell back quickly, with four consecutive one-hour sell-offs, reaching 90,000 and showing signs of divergence. During the rebound, trading volume was sluggish, and the recovery was relatively weak, indicating some correction. Throughout this process, whether moving upward or downward, the price did not make new highs or lows, suggesting that market consensus is still not unified and consolidation is needed for now.
In a weak market, whether it’s the rally at high levels or the sell-offs at low levels, both retail and major players are reluctant to do such things. Therefore, we see that the market neither shows a rally after falling back to 91200 nor exhibits aggressive selling after breaking below 90000; otherwise, the signals would be too obvious. The downside points and the current trading range are controlled at the edges, touching the upper and lower limits of the previous resistance zone, playing with the extremes. The preferred strategy is to go long in the near future.
Now, let's look at Ethereum. Last night, it first spiked around 3060, then rebounded to 3145. After two rounds of selling pressure probing around 3068, it naturally consolidated back to around 3100. The movement is quite indecisive, and in the future, it will likely move in sync with Bitcoin.
Yesterday, Bitcoin, as expected, saw buying support push it higher and broke through 91800, but there was no rally continuation; instead, it oscillated to digest the divergence. Ethereum, as expected, was fighting around 3100, but the upward momentum and the decline were much stronger than Bitcoin. Our outlook for the future remains bullish, but the short-term approach should be relatively conservative. Take larger positions at good levels, and reduce positions after reaching psychological targets. Use the excess profit for high-frequency trading, while maintaining the same direction.
Key points of divergence and resistance for Bitcoin are 89500, 90500, 91200, 91800, 92500.
For Ethereum, they are 3050, 3080, 3135, 3186.
It is recommended to go long around 90000, with Ethereum entering at 3050-3080 to support the market. The direction for Bitcoin and Ethereum in the future is to aim for breaking the highs reached yesterday. Stop-loss and scaling in should be planned based on your position and conditions. For rolling positions, consider 91200 and 3120. Therefore, those looking to short should not consider entering before this level, but if you are trading against the trend, it’s okay.
#btc #eth