The market is just like the weather in Hubei; yesterday we received a cold wave warning, saying there would be freezing rain and snow next week, with temperatures dropping below zero. But today, it suddenly warmed up to over 20 degrees. I had my down jacket ready, and was prepared to wear my thermal autumn clothes, but there’s nothing I can do but put them aside for now. Next week, temperatures are expected to drop to minus 4 degrees, with a high of 3 degrees. Today, it’s 20 degrees, and before the weather turns cold and snowy, we’re enjoying a few sunny days. The same goes for the market; the weather is like this, and so is the crypto world. What we can do is prepare for the worst and follow the natural order!

First, let’s take a moment of silence for those who were liquidated while shorting. Last week, we tested the resistance at 94,500 and were pushed down to a low of around 89,200, causing the bears to cheer! This morning, the price shot up to around 96,800, leading to heavy losses for the bears while the bulls celebrated. This market has always been about cycles; it goes up and down, and everyone should get used to it. Don’t chase after rising prices or panic sell. Every trade is a trial and error, and there’s always a risk of stop-loss. What we can do is manage our positions, ensure we can afford to lose, and have enough funds to climb back up!

There’s not much to analyze about Bitcoin; the recent market has been fluctuating. Sometimes the analysis is fierce, but when you look at the price, it’s stagnant. Other times, it’s boring and sideways, and when you wake up, your position is gone. Don’t chase after rising prices during the day; if you want to go long, wait for a pullback. Pay attention to the support levels at 94,000 and 93,500, and then at 92,000. Look to go long around these levels, aiming for 98,000. If you’re stuck in a short position, don’t blindly add to your shorts; at least wait for 98,000 to consider it, and manage your liquidation carefully, keeping it above 105,000. For short positions, consider entering around 98,000; entering too early can lead to being stuck!

For Ethereum, pay attention to the support levels at 3,290 and 3,210 for potential long entries. The short-term resistance is at 3,440 and 3,600, where you can consider setting up short positions.

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