2.2 After the big crash, can we expect an extreme bottom rebound next?
I believe everyone saw yesterday's drop scenario, with over 420,000 people liquidated and a scale exceeding 2.6 billion dollars. All major panic selling data has come out, truly devastating for us retail investors. However, now is the time to buy in the spot market; buy boldly and just hold on. Let time handle the rebound. The market has already dropped to this point, and the only way is to buy spot; medium-term long positions in contracts can also be established.
Yesterday, Bitcoin's lowest dip was in the range of 75,000-76,000. Build positions in batches around this price, with effective defense still at 74,500. If it dips again, buy medium-term long positions with leverage of 5-10 times, holding 5% of your position, targeting 98,000. 98,000 is the monthly resistance level, with intraday short-term resistance at 80,000-82,000-84,000. For short positions, wait for a rebound around 84,000 before paying attention.
Ethereum's spot positions are also at 2,300-2,200, and the ability to dip again at these two positions is still valid. For those who haven't entered, there will be opportunities; for those who have, hold well, targeting around 3,000. This target is also the monthly resistance level, with intraday short-term resistance at 2,513-2,600-2,700. For short positions, it is recommended to wait for a rebound around 2,700 before considering. The strategy is still to build medium-term long positions based on the decline.
Operation recommendations:
BTC 76,500-77,500 go long, target 80,000-82,000, defense 75,500
ETH 2,260-2,300 go long, target 2,500-2,700, defense 2,200
