Sunday Bitcoin Ethereum Afternoon Strategy Analysis, morning losses of 700 points exited, do not be stubborn, go with the trend

In the Asian session, a strong bullish candle lifted prices sharply, Bitcoin directly reached the 80,000 level, and our morning short positions unfortunately exited with a stop loss of 700 points. It must be said that such a large increase on a Sunday is indeed beyond expectations. Sorry, everyone, this short-term loss was indeed a bit sudden. The consecutive winning streak over the past half month has been ended, and I have made corresponding adjustments to ensure that today we will definitely help everyone recover losses.

Currently, the bulls have entered a phase with no pressure above. This wave of price increase is like the trend after the ETF was approved at the beginning of the year. Looking at this rhythm, it will rise at least until mid-month, especially with the dual favorable impacts of the elections and interest rate cuts continuing to ferment. The most important reasons affecting Bitcoin's rise this round are the continuous inflow of funds from ETFs and institutions, which is one; the election of Art as a market savior is the second; and the Fed's second interest rate cut this year is the third. All of these are important reasons boosting Bitcoin.

Sunday Afternoon Strategy

Bitcoin Long in the 78,000-78,500 area Target 80,500 Move stop loss 700 points

Ethereum Long in the 3,150-3,180 area Target 3,280 Move stop loss 60 points

If your trading is not ideal, you can walk with the light, it's redemption, and it's rebirth. Lao Xiao, a pioneer who has stepped into the cryptocurrency circle for seven years, is dedicated to rescuing every victim trapped in the mire. Reach out your hand, and I will pull you up! #BTC挑战8W大关 $BTC $ETH