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Let’s chat about the Bitcoin and Ethereum market this Saturday noon ✨
Yesterday, Bitcoin surged all the way to the 78,000 level. Now, the bulls’ sentiment is still pretty strong, and the funding rate isn’t low either—so a sharp drop in the short term is basically something you don’t need to think about.
Now there are too many people trapped in shorts. The main players definitely won’t let them easily get out of their positions/break even. Wait until the shorts have been washed out enough and everyone starts rushing to buy longs in one go—then is when the market’s real trend change happens. We don’t bet on the top; let’s first eat up the meat in front of us clearly!
Trading reference:
Bitcoin: buy in batches on pullbacks at 76,000-75,600, targeting 77,500-78,000
Ethereum: buy at 2,390-2,350, targeting 2,440-2,450 #BTC #RAVE