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Good morning everyone, it looks like the bears are going to cry. A few days ago, I kept emphasizing that the daily chart of BTC hasn't broken the bullish trend at 89,300. I suggested doing pin bars and buying on dips. But yesterday, before a deep pullback, it just shot up directly. During last night's live session, I mentioned that the daily chart is preparing to turn upward. We knew it would rise, but didn't expect it to be so fierce overnight—BTC's daily chart surged by over 6%, very comfortably.
This rebound pushed the price to around 96,500, a major resistance zone. Now, on smaller timeframes, there are signs of sideways movement. In yesterday's market analysis, I pointed out key levels for shorting: BTC at 945, ETH at 3265 or 3305. Anyone who entered now is definitely trapped. If your position is heavy, set your stop-loss just above the high before the pin bar this morning; if you entered with 100x leverage at 2%, there's no need to panic now.
Here's the plan for adding positions: if BTC returns to around 998, consider adding; for ETH, if you entered at 3170, wait for 3450 to add; if you entered at 3265 or 3305, wait for 3630 to add. Hold onto your positions before reaching these levels, avoid frequent trading. When the chance to get out of a losing position comes, take it first—don't be greedy.
Today, the key is whether the white line can hold its position. If it can't, the price may continue upward; only if it breaks will there be a deep retracement. Those without long positions shouldn't chase now; honestly, the odds of shorting at this level are much better than going long. Friends who are long should wait for a pullback and stabilization before considering entering.
Regarding market expectations, today BTC needs to watch the 95,000 level. As long as it holds, the bullish trend remains intact. Above that, the resistance zones to watch are 96,855, 98,160, and 99,800.