Slow rise, sharp drop. Don't be fooled, high shorts make you rich!
Bitcoin gave a short signal at 87500 yesterday, Ethereum at 2950. Had a small bite in the evening. Subsequently, the midnight strategy reminded everyone that if opportunities arise near 88000 and 2980, they can continue to short high. For those already in short positions, all you can do is hold patiently. Spring planting and autumn harvest are never in the same season; all you need is to patiently wait for the fruits of the autumn harvest to ripen!
Bitcoin daily K-line closed with a small bullish candle, ending the previous four consecutive bearish days. Today's opening price has retraced back above the lower rail. The MACD bullish momentum continues to shrink, and the KDJ and RSI are also in a downward oscillation. Near the lower level of 85000, do bulls think it’s a double-bottom probe again, starting to buy the dip and adding to positions? Don't panic, don't rush, let's continue to analyze from a smaller timeframe. The short-term 4-hour level is facing resistance at the mid-rail, with the previous three K-lines rebounding under pressure at the 88000 level. The auxiliary indicator KDJ is oversold at a low position, and the three lines are converging upwards to form a golden cross, but the price remains under pressure and has not effectively moved up, unable to drive the price. This wave has retraced from around 94500 last week, showing a sharp drop trend, but the rebound is sluggish and slow, a typical case of insufficient volume, a volume-less rebound, and a slow rise. What else can it be but a trap? Stay steady, don’t get tricked! RSI is still in a downward turn. Currently, the hourly chart shows the price testing the mid-rail support, with insufficient MACD bullish energy continuously shrinking, nearly at zero volume. Both KDJ and RSI are in a downward turn, so for today, besides shorting high, what else can I do? What else do you want?