Early Morning Bitcoin and Ethereum Trading Strategy

When reviewing your trades, you'll find that 90% of failures stem from emotional manipulation and self-conflict, such as overconfidence, anchoring on sunk costs, and herd mentality. These psychological traps trap traders in a cycle of "small profits frequently, large losses repeatedly." The crypto market often watches your emotional breakdown and prompts poor decision-making.

On Friday, the intraday market maintained a familiar slow fluctuation rhythm. During the daytime, the market was still dominated by bears, but in the evening, after a dip around midnight, a strong rebound formed. Bitcoin initially dipped to around 99,200, then rebounded, reaching a high of 102,818. Ethereum found support at the 3,192 low and also rebounded strongly, reaching up to around 3,434.

Since midnight yesterday until this morning, our repeated strategy has been to buy on dips and sell on rallies. For Bitcoin, the intraday plan was to go long at 102,000 and short at 100,100, aiming for a profit of 1,900 points. For Ethereum, short at 3,341 and target 3,250, with a 91-point profit.

Tonight, we also decisively caught the short positions during the rebound: Bitcoin short at 100,400, Ethereum short at 3,245, both capturing approximately 900 and 45 points respectively.

The market is performing well. While you are still struggling to find direction and suffering significant losses, others are already turning the tide.

Four-hour analysis shows that the previous market experienced a series of consecutive bearish candles, with bears initially dominating. However, intraday, the market dramatically reversed, forming two consecutive bullish candles, creating a textbook-like rebound pattern. This rebound started from the lower Bollinger Band, broke through the middle band resistance, and eventually tested the upper band pressure. During this process, the Bollinger Bands widened significantly.

Although short-term technical indicators show strong bullish momentum, considering the price has approached the upper band and oscillators are showing overbought signals, a technical correction is likely. The price has already reached a key resistance zone. I remain firmly bearish; even if the market turns against us, I will go down with the bears. Maintain a bearish outlook overnight.

Bitcoin around 103,000 can be shorted with targets at 101,500-100,000.

Ethereum around 3,450 can be shorted with targets at 3,350-3,300.