The range fluctuation continues, and the rebound at high positions remains short! 8.7 BTC ETH strategy

After U.S. President Trump announced a 50% tariff on Brazilian goods exported to the U.S., the Brazilian president stated that he would not announce reciprocal tariffs, and his government would not abandon cabinet-level negotiations. However, he himself is not in a hurry to call the White House, saying that any call now would likely only be "humiliation." Meanwhile, after India purchased energy from Russia yesterday, Trump imposed an additional 25% tariff on Indian goods. The U.S. is indeed too aggressive, using tariffs to force weaker countries, and their intentions are clear! Yesterday, both waves of short positions made small profits, and the midnight coin price surged again, followed by no significant decline. Currently, I hold short positions!

From a technical perspective, the daily chart shows a conversion between bullish and bearish, with another bullish candle forming in the morning. The difference between the upper and lower shadows and the body is minimal, indicating that the struggle between bulls and bears is quite serious. In the absence of mass selling, the decline in coin prices cannot be sustained, so it should be treated as a consolidation. Today's key focus is on the evening's initial jobless claims data! The resistance levels to watch above are 115600, 116000, 117000, 1189000, and 119500, while the support levels below are 113300, 112600, 111800, 111200, and the 110000 level.

8.7 BTC operation strategy: Aggressive traders can enter short at 115000-115500, while conservative traders can enter short near the rebound at 116000, with a stop loss around 116500. The target is set at around 114000-113500-113300-112600, and if the level breaks, watch for 112000-111800. Continue to adjust the stop loss based on the situation!

8.7 Ether trading strategy: Aggressive traders should short on the rebound at 3680-3700, while conservative traders can enter around 3730, with a stop-loss near 3760. The target is set for around 3600-3570-3540, with a breakout target at around 3520-3500. Continue to move the stop-loss according to the situation!

Long position idea: Buy one lot of BTC on the first pullback to 112000-112500, defend near 111000, target around 113000-113500-114000, move the stop loss according to the situation if it breaks!

Buy a bit more ETH on the intraday pullback at 3550-3570, with a stop around 3510, targeting 3630-3650-3680. If it breaks, move the stop loss to breakeven and adjust based on the situation!

The oscillating pattern has not been effectively broken, and the recent situation of long and short contention remains unchanged. Although tariffs have triggered a wave of selling, the volume is not significant. However, the strength of the bulls is also insufficient, so it is best to treat it as a range; only act in accordance with the trend if a breakout occurs!