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Looking at the recent Bitcoin and Ethereum market trends, many people are asking how to operate during the early morning hours. Here's a simple overview.
Last night, when the price was rising, I immediately suggested adding to short positions around 3300. I’ve been holding short positions above 93,800 for Bitcoin, which now have over 1,000 points of profit. Ethereum also looks good. On the 4-hour MACD chart, the technicals still indicate a bullish zone, but the red histogram is shrinking, showing that the upward momentum is weakening — this is a signal.
The early morning rhythm is likely to continue downward. For Bitcoin, key support levels are between 91,000 and 93,000-93,500. For Ethereum, focus on 3,150 and 3,260-3,280.
For those already holding positions: continue holding the shorts entered above 93,800, don’t rush to close. For those adding to positions around 3,270 for Ethereum, be patient. However, if your mindset isn’t very stable, you can consider cutting half of your position to lock in some gains.
For friends who haven’t entered the market yet: Bitcoin can continue to look for short opportunities in the 93,000-93,500 range, with targets around 91,000-91,500. Ethereum can also go short near 3,260-3,280, with a target of 3,180. Remember to set your stop-loss properly and avoid greed.