Broadcasting at night, let's talk about the market again. Expected to return on the 7th, ending the holiday, and resuming normal broadcasts!

1 Bitcoin, Bitcoin is currently near a long-term resistance level, around 122,000, which has only been visited twice, both times resulting in significant pullbacks. This area can still be used to open short positions, as the risk-reward ratio is very favorable. Only if it breaks and stabilizes below the four-hour level will it challenge the historical high. Therefore, I suggest using a smaller position and entering in batches. If it drops, it is very likely to retest the 116,500 level. The bottom of this round of correction has now shifted to around 107,500-108,500, meaning it is becoming very difficult for Bitcoin to drop below 110,000 based on current observations. If it does not drop, there won't be a real correction, and long-term holders remain very firm. With no significant negative news, it is unlikely to see Bitcoin below 110,000 within this year.
Ethereum has currently broken through the 4440 range. It didn't reach the 4550 target given yesterday before starting to pull back. The position was still given conservatively. It is currently testing the 4440 support again. As long as it doesn't drop below this level, one can consider entering a long position. If we bet on a breakout at 4550, we can expect to see 4700. At the moment, there are signs of a rebound, as long as Bitcoin remains stable at a high level. If it holds at 120,000, Ethereum can return above 4700. For short positions, still focus on the high point near 4520 from last night. A breakout could lead to the 4650 to 4700 range for continued shorts. It shouldn't break through all at once. The market is ever-changing. Just don't chase. Control your position well. Entering shorts at this level with Bitcoin is nothing to fear. Don't listen to those calling for 200,000 or 95,000; those calling for 200,000 are the same group of people. They blow with the wind. When it goes up, they shout "to the moon," when it goes down, they shout "bear market." We just misjudged the timing of the upward movement this time. We simply missed the chance to buy at the bottom. Don't be discouraged. Old Wang will lead everyone to make big profits after the holiday! Protect your position well. If you don't want to trade, wait for me for a few days!