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Market conditions are like the weather, unpredictable and ever-changing. Last week, Bitcoin tested 94,500 but faced resistance and fell back to 89,200. The bears cheered temporarily, but early this morning, it surged directly to 96,800, causing heavy losses for those shorting at the wrong time. The market's fortunes rotate, with ups and downs repeating in cycles. Everyone should be accustomed to this. The key is not to chase highs or sell lows; every trade is a trial and error. Set proper stop-losses and focus on position management—allow yourself to lose gracefully and keep the chips for a comeback.
Regarding Bitcoin, recent fluctuations have been intense, with analysis as fierce as a tiger, only for the price to remain stagnant afterward. Trading sideways can be dull; wake up to find your positions gone. Do not chase intraday gains; wait for retracements before going long. Focus on support levels at 94,000 and 93,500, followed by 92,000. Participate in long positions around these levels, aiming for 98,000. If caught in a short position, do not blindly add to it; wait until around 98,000 before considering. Ensure forced liquidation risk stays above 105,000. For swing shorts, re-enter near 98,000; going short too early increases the risk of being trapped.
On Ethereum, support levels are focused around 3,290 and 3,210, which are good entry points for longs. Resistance overhead is at 3,440 and 3,600, where shorts can be positioned. The overall strategy is to follow the rhythm, plan ahead, and make good use of each key price level.