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Price comparison has already broken through the range, Bitcoin has reached 74,000, and Ethereum has reached 2,200. After waiting for so long, the oscillation rhythm has finally been broken. Although last night our short position was swept for 600 points, we adjusted the stop-loss and switched to a long position, recovering 2,000 points. The switch was very timely and successfully offset the loss. Friends who are familiar with this should know that the most frequently mentioned point is that when the direction is wrong, it’s important to adjust promptly. This highlights the importance of timely adjustments.
Price comparison has been consolidating for nearly a month, and finally in the early morning, it once again broke above the 70,000 mark, reaching 74,000. The only downside is the lack of continuation, and the momentum has also weakened. After a strong rally, price comparison will enter another consolidation phase. At this point, opportunities will arise. If you seize the right entry point, you can turn losses into profits. In the short term, price comparison shows a need for a pullback and adjustment, so those looking to bottom fish should wait for the consolidation to end before entering. However, before the consolidation ends, you can enter early to catch the pullback. Once the consolidation ends, we can then adjust our strategy.
This morning, short positions on Bitcoin from 72,700 to 73,100, targeting 70,500; Ethereum from 2,115 to 2,150, targeting 2,030.