Good afternoon, the high point yesterday was quite thrilling and refreshing, wasn't it? Bitcoin has kept an eye on suppressing 88000 and 90000, while Ethereum has focused on 2980 and 3030 high points. In the live stream, we advised short positions at 86000 and 2800 here, and they have also reached their targets. One trade made 2000-4000 points, and Ethereum made 180-230 points. For intraday short positions, that should be considered decent, right? For those who missed out, don't feel disheartened; there will be opportunities today as well. The shorts from last week at 94400 and 3380 are still in hand. Looking down, the weekly targets are 80000 and 2600, and for swing positions, keep an eye on the 75000 and 2500 lines. Hold steady, stay firm, and if you can't hold on, come back and read Zhongliang's articles and watch the live streams daily; you will definitely gain something! Thank you all for your constant support and companionship. The much-anticipated yellow V has also been arranged, which reflects everyone's cohesion and is the driving force that continually motivates Zhongliang to forge ahead!
Bitcoin's daily K closed with a small inverted hammer candlestick. After the price rebounded against the mid-track resistance in the evening, it then entered a downward mode. Currently, the mid-track is opening downward, and the lower track is also opening downward, creating space for bears to move down. The MACD bearish energy is starting to increase, and the KDJ and RSI are oscillating downward. It is possible to short, but it is still not recommended to directly chase the shorts. Recently, the market has been washing back and forth; the market makers want to drop but first pull up to scare off those heavily shorting retail investors, making those with weak conviction retreat. Therefore, at any time, position size is definitely more important than entry! With a light position, if temporarily stuck, you won’t panic and can hold on. But with a heavy position, if there’s a sudden spike, it’ll scare you into stopping losses, and then after testing the pressure, it quickly plummets. Those who manually stopped losses early on their short positions will start regretting it.
On the 4-hour level, there is support near 85000 below. After the drop, it has stopped falling and is currently rebounding. The rebound first needs to focus on the mid-track pressure at 87500 on the 4-hour level, and then the mid-track pressure at 90000 on the daily K, which is also close to the high point tested yesterday. The mid-track pressure near 86700 on the hourly chart is currently being tested. Don't consider entering aggressively for a short position today; otherwise, if you enter too early and another surge occurs, everyone will panic, thinking the sky is falling. So, be patient and wait for a high short position. Whether it’s a rebound or a high short, as long as you are sure about the direction, then when the position is right, enter the market. Otherwise, what are you waiting for? Waiting for summer, autumn, or the next season? For today, short-term trading revolves around the resistance at 87500, 88800, and 90000 for high shorts, while the short-term targets below focus on 86000, 85000, and 84000. The weekly target looks at 80000, and the swing target looks at 75000.
Ethereum has been oscillating downward since hitting the resistance level of 3446. Those who chased the rise at 3000 are likely all falling one after another. The main strategy today is to go for high shorts; the upper resistances to pay attention to are 2960 and 3030, relying on yesterday's high point, continuing to treat it as high shorts today. The short-term targets below are 2880, 2800, and 2700, with the weekly target still at 2600, and the swing target remains unchanged at 2500.
Market trends can never satisfy everyone, including my analysis. The excitement, the fluctuating market, and the candlestick movements are like an electrocardiogram; it's abnormal if there's no fluctuation! You either control the market, or the market controls you. Your mindset determines whether you are a rider or a mount. The market environment will not change; the solution lies in changing your mindset. In the process of trading, if you cannot control the market, you must control your emotions. Action is the best medicine for fear, while hesitation and procrastination will continually nourish fear. Often, you find that while you correctly analyze before the market opens, you hesitate during the market and regret afterwards. It's not that your analytical ability is insufficient, but rather because you think too much. When a person thinks too much, it’s easy to make misjudgments and miss good opportunities. Everything I say is a fact, but it’s not the whole truth!
