Liang Qiu: 12.3 Bitcoin/Ether early morning trading strategy with market analysis

The long positioning strategy for Bitcoin/Ethereum today was directly swept out with losses, like a splash of cold water on a winter day that chills to the bone. The resistance levels at 88500 to 89000 and 2850 to 2870 that have been emphasized are now broken. Currently, the evening market has risen to a maximum of around 91200 and 3020, with a very obvious overall upward trend. At this point, there is no need to chase after long positions; the high points from the past few days still exert pressure. We will wait for the bulls to finish their rally in the early morning before assessing the strength of any pullbacks. If there is a rise, we can continue to enter positions, paying attention to the resistance levels above at 91500 to 92000 and 3020 to 3050.

Evening trading advice: Continue to short Bitcoin at the current price of 91200-91600, with a target around 89000-88000; Continue to short Ether at the current price of 3020-3040, with a target around 2940-2880, nephew 93000 and 3080.
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