Bitcoin's recent dip to the vicinity of the 100,000 mark and its swift recovery have demonstrated the strong upward force of the bulls, maintaining a generally bullish sentiment in the market. Even I dare not easily mention bearish views for fear of being criticized, and thus I refrain from making too many comments.

The market is indeed strong at present, and being bullish is undoubtedly the right choice, with room for further upward movement. In the short term, if Bitcoin tests the 105 level without breaking down, the market may continue to rebound upward to around 107, offering nearly 2,000 points of bullish potential. The first drop to near 100,000 is a good entry point for bulls and an excellent position to capture the rebound.

After all, the 100,000 support level is quite strong. Whether you are looking to go long-term bullish or just to capture a short-term rebound, it is an appropriate position. For short-term trades, opening long positions to capture the rebound makes it easy to set stop-losses, so the bulls who entered during this rebound are very confident.

If the price breaks down below 105, the next support level would be around 103. The market is essentially searching for direction within a range of about 2,000 points up or down. For most of this week, the market has been fluctuating within this range. Earlier this month, I mentioned paying attention to a larger consolidation range between 100,000 and 107. The market is unlikely to break below the lower limit or above the upper limit. The smaller range is between 102 and 105. I also reminded everyone that this would be the trend for the next three to five days. As time goes on, the fluctuations will increase because the market cannot stay in this consolidation forever. It will eventually need to break out in one direction or another. There will be a result, either up or down, and it will not remain range-bound indefinitely.

However, many traders are impatient and cannot bear to stay out of the market for a day. But these small-range fluctuations are not easy to trade. With daily movements of less than 1,000 points, participating is not very meaningful. It is better to wait for a market that moves by three to five thousand points, where profits and losses are more significant. I believe that most people do not lose all their positions in one go; instead, they are gradually eroded by the constant back-and-forth in the consolidation.

For example, Bitcoin may only fluctuate by 3,000 points, but you end up losing 8,000 points. This is due to constantly chasing rallies and selling on dips. Even if you open positions in the right direction, it is hard to hold on. When there is no clear market movement, it is better to rest and at least avoid losses. You keep thinking about trading and open several positions every day, but you are not making money. Why not wait for a significant market move before opening positions? Even if you lose money when a big move comes, it is because you misjudged the direction. However, if you get the direction right and seize the opportunity, the profits you make will definitely be more than what you gain from constant trading over a few days.

To capture a large-scale trade, you need to consider one question: What kind of position can you hold on to? The answer is short positions at high levels and long positions at low levels. Positions opened in the middle range are definitely not sustainable because any minor fluctuation can force you out of the market. Therefore, the entry point is crucial for profit and loss. If we make a mistake in entry, we accept the loss, but we should not lose money blindly.

Weekend Market Insights

The market fluctuations were relatively small over the weekend. If Bitcoin rebounds to around 107, it is advisable to enter short positions without hesitation. Do not be deceived by the strong rebound momentum, which may give the illusion of strong bullish energy. In reality, the market makers are already selling off and exiting. A significant drop is just one more bullish trap away. Two days ago, after closing my short position at the bottom, I opened another short position around 104, which was stopped out with a loss of 1,000 points. Since then, I have been reluctant to open any more positions due to the limited market movement.

Data indicates that the major players are fleeing the market, and there is no positive news on the horizon. In the current market state, the absence of positive support is equivalent to negative news. Moreover, the exhaustion of good news without any significant negative news is the biggest negative factor. This market is merely maintaining the price level, waiting for the next significant plunge. However, the specific entry point should be determined based on Monday's market movement. If there is an upward spike on Monday, preferably reaching around 107, and if a short-selling opportunity arises, one can enter the market with a wide stop-loss set at 110,000, waiting for a significant downward trend.

Ethereum Outlook

As for Ethereum, my stance remains the same. When you are bullish and looking to trade, Ethereum is the asset to choose. Once Ethereum establishes a bullish trend, achieving a 20% increase is not difficult. From the current position, a 20% rise would bring it to 3,000. Given Ethereum's long period of consolidation at this level, a significant move is imminent. Of course, if Bitcoin plummets and drags Ethereum back below 2,000, it is not impossible. However, I remain optimistic about Ethereum's upward movement. Over the past few months, I have repeatedly emphasized that "Ethereum will lead the next trend," whether it is a rebound followed by an increase or a direct upward surge.

The current market trend depends on Bitcoin's behavior: whether it will break new highs or continue to consolidate before plunging below 100,000.

Bitcoin at the 100,000 Mark: The Last Chance to Get In or Get Out

Let me explain.

Bitcoin at the 100,000 mark represents both your last chance to get in and your last chance to get out. If you miss the entry opportunity, you can still enter after it breaks above 108, and it won't be too late. However, if you fail to seize the topping opportunity, you may have to wait until the market drops by 10,000 points to see it again. Once the market turns bullish, opening long positions in Ethereum will yield higher returns than Bitcoin.

At present, I am bearish on Bitcoin and plan to open short positions on the rebound. If the market changes direction, I will directly open long positions in Ethereum. Based on the current price, Bitcoin only needs to rise by 7% to reach a new high. At that time, even if Ethereum does not reach 3,000, it will at least hit above 2,800. In terms of percentage increase, Ethereum's gain will be double that of Bitcoin. I believe that institutional players are selling off, and following the trend should not be a problem. Therefore, I consider this a topping opportunity.

Bitcoin's recent dip to the vicinity of the 100,000 mark and its swift recovery have demonstrated the strong upward force of the bulls, maintaining a generally bullish sentiment in the market. Even I dare not easily mention bearish views for fear of being criticized, and thus I refrain from making too many comments.

The market is indeed strong at present, and being bullish is undoubtedly the right choice, with room for further upward movement. In the short term, if Bitcoin tests the 105 level without breaking down, the market may continue to rebound upward to around 107, offering nearly 2,000 points of bullish potential. The first drop to near 100,000 is a good entry point for bulls and an excellent position to capture the rebound.

After all, the 100,000 support level is quite strong. Whether you are looking to go long-term bullish or just to capture a short-term rebound, it is an appropriate position. For short-term trades, opening long positions to capture the rebound makes it easy to set stop-losses, so the bulls who entered during this rebound are very confident.

If the price breaks down below 105, the next support level would be around 103. The market is essentially searching for direction within a range of about 2,000 points up or down. For most of this week, the market has been fluctuating within this range. Earlier this month, I mentioned paying attention to a larger consolidation range between 100,000 and 107. The market is unlikely to break below the lower limit or above the upper limit. The smaller range is between 102 and 105. I also reminded everyone that this would be the trend for the next three to five days. As time goes on, the fluctuations will increase because the market cannot stay in this consolidation forever. It will eventually need to break out in one direction or another. There will be a result, either up or down, and it will not remain range-bound indefinitely.

However, many traders are impatient and cannot bear to stay out of the market for a day. But these small-range fluctuations are not easy to trade. With daily movements of less than 1,000 points, participating is not very meaningful. It is better to wait for a market that moves by three to five thousand points, where profits and losses are more significant. I believe that most people do not lose all their positions in one go; instead, they are gradually eroded by the constant back-and-forth in the consolidation.

For example, Bitcoin may only fluctuate by 3,000 points, but you end up losing 8,000 points. This is due to constantly chasing rallies and selling on dips. Even if you open positions in the right direction, it is hard to hold on. When there is no clear market movement, it is better to rest and at least avoid losses. You keep thinking about trading and open several positions every day, but you are not making money. Why not wait for a significant market move before opening positions? Even if you lose money when a big move comes, it is because you misjudged the direction. However, if you get the direction right and seize the opportunity, the profits you make will definitely be more than what you gain from constant trading over a few days.

To capture a large-scale trade, you need to consider one question: What kind of position can you hold on to? The answer is short positions at high levels and long positions at low levels. Positions opened in the middle range are definitely not sustainable because any minor fluctuation can force you out of the market. Therefore, the entry point is crucial for profit and loss. If we make a mistake in entry, we accept the loss, but we should not lose money blindly.

Weekend Market Insights

The market fluctuations were relatively small over the weekend. If Bitcoin rebounds to around 107, it is advisable to enter short positions without hesitation. Do not be deceived by the strong rebound momentum, which may give the illusion of strong bullish energy. In reality, the market makers are already selling off and exiting. A significant drop is just one more bullish trap away. Two days ago, after closing my short position at the bottom, I opened another short position around 104, which was stopped out with a loss of 1,000 points. Since then, I have been reluctant to open any more positions due to the limited market movement.

Data indicates that the major players are fleeing the market, and there is no positive news on the horizon. In the current market state, the absence of positive support is equivalent to negative news. Moreover, the exhaustion of good news without any significant negative news is the biggest negative factor. This market is merely maintaining the price level, waiting for the next significant plunge. However, the specific entry point should be determined based on Monday's market movement. If there is an upward spike on Monday, preferably reaching around 107, and if a short-selling opportunity arises, one can enter the market with a wide stop-loss set at 110,000, waiting for a significant downward trend.

Ethereum Outlook

As for Ethereum, my stance remains the same. When you are bullish and looking to trade, Ethereum is the asset to choose. Once Ethereum establishes a bullish trend, achieving a 20% increase is not difficult. From the current position, a 20% rise would bring it to 3,000. Given Ethereum's long period of consolidation at this level, a significant move is imminent. Of course, if Bitcoin plummets and drags Ethereum back below 2,000, it is not impossible. However, I remain optimistic about Ethereum's upward movement. Over the past few months, I have repeatedly emphasized that "Ethereum will lead the next trend," whether it is a rebound followed by an increase or a direct upward surge.

The current market trend depends on Bitcoin's behavior: whether it will break new highs or continue to consolidate before plunging below 100,000.

Bitcoin at the 100,000 Mark: The Last Chance to Get In or Get Out

Let me explain.

Bitcoin at the 100,000 mark represents both your last chance to get in and your last chance to get out. If you miss the entry opportunity, you can still enter after it breaks above 108, and it won't be too late. However, if you fail to seize the topping opportunity, you may have to wait until the market drops by 10,000 points to see it again. Once the market turns bullish, opening long positions in Ethereum will yield higher returns than Bitcoin.

At present, I am bearish on Bitcoin and plan to open short positions on the rebound. If the market changes direction, I will directly open long positions in Ethereum. Based on the current price, Bitcoin only needs to rise by 7% to reach a new high. At that time, even if Ethereum does not reach 3,000, it will at least hit above 2,800. In terms of percentage increase, Ethereum's gain will be double that of Bitcoin. I believe that institutional players are selling off, and following the trend should not be a problem. Therefore, I consider this a topping opportunity.