Is this market too easy, or what? The bounce is a short, and Ethereum just needs to keep an eye on one level, the 2000 mark. When it bounces here, we go short. Back and forth, how many short plays can we get? I've been emphasizing this level since last week! #XRP放量跌破1.30美元支撑位 $ETH
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--Bearish
Crypto钟良
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Bearish6.2BTC/ETH Market Insights:
Bitcoin is on a weak downtrend, teetering on the 70k level, while the bears are celebrating. Are the dip-buying bulls getting restless, sharpening their knives for a hunt? In terms of strategy, it's still a high short emphasis; don't chase a sinking ship—this approach remains unchanged. The support levels are around 69500 and 68500, so there's not much room to maneuver. The market won't keep dropping indefinitely; while it may continue to slide, there will also be rebounds, so avoid getting too aggressive on the shorts—it's unnecessary. As for bullish rebounds, recently, I've been advising newbies to steer clear—catching a falling knife is impressive if you succeed, but most of the time, it leads to injuries. New traders should skip this; the risk is too high, and the risk-reward ratio isn't favorable!
Yesterday's daily candlestick closed with a big bearish line, the price is firmly pressing the lower band downwards. Currently, it's still below that lower band. The MACD bearish volume is continuously expanding, and both KDJ and RSI are turning downwards. On the 4-hour chart, the price remains pressed below the lower band. After breaking below 73000, it hasn't returned above the lower band. The MACD continues to show bearish volume, and KDJ and RSI are also turning down. On the hourly chart, the price has moved back above the lower band, but the rebound strength is too weak. Currently, the indicators suggest continuing the bearish trend and volume downwards; bearish sentiment is strong, and the focus should be on high shorts!
For resistance, keep an eye on 72500 and 74000, with shorts positioned around these levels waiting. For support, watch 71500, 70500, and the 69500 line.
As for Ethereum, resistance is around 2000 and 2050, with shorts positioned around here waiting. Support levels to watch are 1950, 1900, and 1850.
Opportunities are created through patience, not by forcing entry. Being in cash doesn't mean losing money. However, most retail traders don't see it this way; they feel itchy seeing the market move without a position, thinking they're missing out. In reality, it's often a waiting game. Wait for the right moment, then strike with confidence. Profit isn't made through frequent trades but through precise entries—when the price hits the right level, act decisively; if it hasn't, just watch. Once you're in a trade, manage your defense, hold steady with patience, instead of always trying to take profits and then refusing to cut losses…#比特币跌破71000美元 $BTC
Bitcoin is on a weak downtrend, teetering on the 70k level, while the bears are celebrating. Are the dip-buying bulls getting restless, sharpening their knives for a hunt? In terms of strategy, it's still a high short emphasis; don't chase a sinking ship—this approach remains unchanged. The support levels are around 69500 and 68500, so there's not much room to maneuver. The market won't keep dropping indefinitely; while it may continue to slide, there will also be rebounds, so avoid getting too aggressive on the shorts—it's unnecessary. As for bullish rebounds, recently, I've been advising newbies to steer clear—catching a falling knife is impressive if you succeed, but most of the time, it leads to injuries. New traders should skip this; the risk is too high, and the risk-reward ratio isn't favorable!
Yesterday's daily candlestick closed with a big bearish line, the price is firmly pressing the lower band downwards. Currently, it's still below that lower band. The MACD bearish volume is continuously expanding, and both KDJ and RSI are turning downwards. On the 4-hour chart, the price remains pressed below the lower band. After breaking below 73000, it hasn't returned above the lower band. The MACD continues to show bearish volume, and KDJ and RSI are also turning down. On the hourly chart, the price has moved back above the lower band, but the rebound strength is too weak. Currently, the indicators suggest continuing the bearish trend and volume downwards; bearish sentiment is strong, and the focus should be on high shorts!
For resistance, keep an eye on 72500 and 74000, with shorts positioned around these levels waiting. For support, watch 71500, 70500, and the 69500 line.
As for Ethereum, resistance is around 2000 and 2050, with shorts positioned around here waiting. Support levels to watch are 1950, 1900, and 1850.
Opportunities are created through patience, not by forcing entry. Being in cash doesn't mean losing money. However, most retail traders don't see it this way; they feel itchy seeing the market move without a position, thinking they're missing out. In reality, it's often a waiting game. Wait for the right moment, then strike with confidence. Profit isn't made through frequent trades but through precise entries—when the price hits the right level, act decisively; if it hasn't, just watch. Once you're in a trade, manage your defense, hold steady with patience, instead of always trying to take profits and then refusing to cut losses…#比特币跌破71000美元 $BTC