Today is May 4th, Sunday. In this weekend's volatile market, the range is too narrow, so we should mainly focus on waiting.
The current lack of market activity does not mean there won't be any in the future. We need to prepare for the future market and understand the direction and levels.
Bitcoin is currently in a range-bound market, with a high of 97,800 and a low of 92,800. If we say:
We can short at the high during an upward rebound and long at the low during a downward pullback, so both shorting at high and longing at low are viable strategies.
The key issue is the position. Currently, in this range, more time is needed to wait for a clearer position.
Ethereum is currently in a narrow range-bound market between 1,850 and 1,800. Therefore, shorting at high and longing at low are our strategies for intraday trading.
If you want to know more clear levels and directions in the future,
you can follow our public account: KK Strategy
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