Good evening everyone, I am Xin Ya. In fact, I know that everyone might not be doing well, because I am not doing well either. Recently, both short positions and losses have been continuous. No matter how we limit risks, the reduction of our positions is a given fact. The market seems unwilling to give short sellers a chance to exit. This week, Ethereum has quietly risen by 300 points, while Bitcoin has increased by 9000 points, both showing a volatility of ten percent. Observing the MACD and trading volume during this process clearly indicates a forced liquidation. It’s as if the short sellers are being roasted over a fire.

The key points for Bitcoin's recent upward movements are at 90000, 91200, and 92500, with the likely support point in the future at 93800. If it continues to rise, the next target will be around 96500. Ethereum's structure is relatively simple; during the forced liquidation and tug-of-war, the important points are 3180, 3230, and 3275. If it continues to rise, it could easily reach around 3415.

We should follow the market sentiment. For Bitcoin, go long between 92800-93200, with a stop loss at 91850. Observe if there is resistance at 94800 above. If buying momentum is strong, it could refresh to 95800, and then to 96500.

For Ethereum, at the current price of 3250, we can go long. If it extends upward, it will first refresh to 3350, and then to 3415. If shorting at 3405, set a stop loss at 3448.

Let’s move forward together in the short term. Official account: Xin Ya Talks About Trading.

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