Wednesday Morning | Tang Long's Trading Strategy
In the early morning, after Bitcoin broke below 69000, it was quickly pulled back up, rebounding to around 71000, with the overall rhythm similar to yesterday;
ETH is the same, it retraced to stop at 2100, and is now oscillating around 2160.
From the market perspective: the daily chart closed with a doji star, there is support below, but the pressure above is also considerable. The bullish momentum is clearly insufficient, and the short-term seems more like back-and-forth oscillation.
On the 4-hour level, Bitcoin rebounded from 69000 but has not broken through the key resistance above, indicating that it is being suppressed once it goes up. The intraday bias is still weak, with the strategy focusing on shorting during rebounds.
Trading Strategy:
BTC: Look for shorting opportunities in the range of 71000—71500, targeting 70000 → 69000 → 68000
ETH: Short in the range of 2170—2200, targeting 2140 → 2100 → 2050
In simple terms:
Don't chase after prices, wait for a rebound to short, and play it safe.