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Currently, the daily chart has formed a standard bull flag pattern, and almost everyone has a short order near 108000 of BTC, managing the risk.
Our layout is:
As long as we break through around 108888-109000, we will withdraw our short orders. Be cautious of breaking the level. BTC has been oscillating at this position for too long, and the purpose of oscillation is either to accumulate or to distribute. There will definitely be a breakout after the oscillation; the longer the horizontal movement, the more vertical it will be. Therefore, the direction is almost always opposite to that of retail investors. When most people are bearish, we have to think in the opposite direction, just like when everyone was looking at 110,000, we were looking at a breakdown of 100,000. Now that everyone is looking down, we should consider the possibility of moving up. For ETH, looking at the short-term position, we can gradually enter around 2375 and 2345. However, there is a time difference between ETH and BTC; they are not synchronized. Therefore, during this time, ETH may still need to wash out. The lowest point we can see is around 2235. It’s not easy to enter long orders for BTC, but we should enter long orders for ETH. We do not want to scare away anyone's short orders, but we hope everyone can manage their risks.
Personal analysis, please do not criticize if you don't like it.