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#数字资产市场观察 Last night was another night of Sideways grinding, I was hoping to wait for a high position short order opportunity but couldn't wait for it. $BTC and $ETH are now stuck here, it's really awkward—upwards? The loss-making positions above are piled up like a mountain; downwards? The bullish voices are overwhelming. But the market has to give some incentives, otherwise, this industry will truly have no players.
That being said, there are several risks to be aware of at this position: we have already reached the tail end of the bull market, and all movements are repeatedly pulling back and forth within a sideways range. To break through, we need to see which direction can't hold out first. From a technical perspective, BTC and ETH are showing bearish divergences from the 5-minute to the 1-hour levels. Even if you want to take a long order, you need to wait for a 15-minute pullback confirmation; if there's profit, make sure to run.
The ETH daily chart has already formed a double needle pattern, which means the upward momentum is weak. Unless the main force directly pushes through 3100 and can hold the support on the pullback, this position is quite precarious.
The market is full of various false moves right now. If you ask me, a safer approach is as follows: wait for a real breakthrough at 3100, you can try a short order at 3180, and if it continues to surge to 3280, that is a significant resistance level where you can increase your short position. Alternatively, you can take the opposite approach, going long around 2980 if it pulls back, but if it breaks below 2980 and does not recover within 4 hours, then you have to look at 2800 or even 2600.
This position is really not suitable for blindly opening a position. Friends passing by, please follow along casually, and let's hold on until the end together.
To be honest: the biggest expense in trading is actually the fees, and the real profit relies on capturing the major trends. Friends who frequently engage in short-term operations should be aware that the rebate on fees can be quite substantial; some top users on certain platforms can earn 4 BTC just from rebates in a single day, money that should belong to us traders. Study the platform rules more carefully and don't let the benefits that are rightfully yours slip away.