#BTC #ETH

First of all, congratulations to the brothers who have made it to now. After experiencing this major market correction, too many people have been liquidated. If you haven't, then you already have the ability to survive in the crypto world. Also, congratulations to the long positions that are currently trapped above (ETH at 4000 and above). As long as you haven't been liquidated, there's no need to worry anymore; Bitcoin and Ethereum are unlikely to reach new lows.
Then let's talk about the upcoming market trend. Right now is the time for institutions to pick up chips, which means a golden opportunity has emerged. When institutions enter the market, it generally leads to a fluctuating rise or a sideways rise. Therefore, Ethereum might test around 3300 again, and Bitcoin could be near 101000. Of course, there might also be a slight pullback before continuing the upward fluctuation. The reason for this is simple: institutions want to grab goods, and no one wants to buy at high prices, so it won't drop too much. If the enthusiasm among institutions is high and they are aggressive in their buying, then it's likely that after a period of sideways movement, a rise will begin.
So the cost-effectiveness of shorting is already very low now, and going long on a pullback is the first choice. If Ethereum can drop back to 3300, I will decisively increase my position. If you unfortunately shorted below 3200 and haven't cut your losses yet, I also recommend cutting losses around 3300, because it is highly likely that it won't test that lowest wick again.
So which direction should we look to in the future? Ethereum is certainly hitting new highs, and the surge to new all-time highs will be very fast, with almost no pullbacks, so make sure to hold onto your long positions!