Today is the 15th, Thursday, and the market is really great. The day before yesterday, I told my partner here that the Bitcoin price has already peaked.
This place has already formed a top structure.
So now the only thing to do is to take short positions. We just took profit at 101,500, and now we need to pay attention to the support levels below: the first support level is 100,700, and the second support level is 99,100. These are two important support levels.
So when it reaches the lower levels, we can consider going long. From the overall structure, this is a high hanging and returning market.
The first position below is 99,100, which is the hanging position.
Now let's talk about the current obvious top structure of Ethereum.
Additionally, it hasn't dropped to the target level yet. The first position we need to pay attention to below is the support level of 2,450, and the second support level is 2,420. Currently, we need to focus on these two support levels. The 2,500 level is also a position, but we need to pay attention to whether this level can hold.
This is a break of a double bottom structure. The neck line of this double bottom is at 2,500.
If it breaks above 2,500, it may rise. A pullback to 2,500 could provide support, and after a rebound, we will continue to look for short positions. Our targets are towards 2,450 and 2,420.
So the first position has already approached 2,500. The entire structure is very clear.
Currently, this is a major second wave pullback at the hotline level, a breakthrough of a bottom structure, and the neck line has been broken. After a wave up, the pullback market is clearly still bullish in the future.
This current wave of obvious pullback we just observed, just pay attention to this position.
If you are not familiar with the patterns and directional points, follow the public account: KK Strategy
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