Wednesday, Bitcoin surges to clear out shorts, initially bullish then bearish during the day

Upon waking up, Bitcoin skyrocketed to around 97,000, while Ethereum also rose to about 3,383. The gains were so strong that my hands are sore from clapping. I held a bullish stance for over a week but sold early yesterday, which was even more painful than missing out. Short-term, Ethereum's quick reversal to a short position also resulted in a 40-point loss. It really was a case of losing both wife and soldiers.

Currently, it’s not recommended to chase the highs directly in the short term. Long positions should wait for a pullback. Due to significant structural tension, the exact level of the pullback is unknown. We can only watch and adapt as we go. The trend won't reverse immediately; the current momentum remains relatively strong. Follow the trend to go long first, then look to short at resistance zones.

Bitcoin: Go long in the 94500-95000 range, target 97000, if not broken, then short

Ethereum: Go long in the 3290-3310 range, target 4400, if not broken, then short outside the range

A seasoned veteran of eight years, witness to the cycles of bull and bear markets. Instead of fighting alone, it’s better to walk with the light. Buddha guides those with fate, only waiting for the dedicated. #CPI数据将公布