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Thursday Trading Opportunity Analysis and Wednesday Review
The market's ups and downs are testing everyone's resolve. Truly profitable traders never rely solely on predictions but follow the rhythm closely and adapt flexibly.
Looking back at this week's trend, the bulls have indeed taken the lead. Bitcoin rebounded from around 90,870 to reach a high near 97,500, then slightly corrected to above 96,000. Ethereum also rebounded from its low of 3,083 to around 3,370, with both showing upward attempts overall.
However, Tuesday's short positions didn't go as smoothly. The market suddenly surged strongly, causing our short positions to suffer some losses. This is the reality of trading—sometimes you get the direction right but the timing wrong, and losses are inevitable. On Wednesday, there was some recovery: Bitcoin's two long and one short trades yielded a profit of 2,119 points, and Ethereum's one short and one long captured 119 points.
The situation has become interesting now. Both Bitcoin and Ethereum have stabilized and broken through key upper resistance levels. From the chart, the pullback is weak, and the bulls still dominate. The next approach should be: wait for a correction to the key support levels below, then decisively go long.
Specific trading ideas:
Look for buying opportunities in Bitcoin around 96,500-96,000, targeting the 99,500 range.
Place long positions in Ethereum near 3,350-3,330, aiming for 3,450-3,500.