It's been a long time since I posted, today I am updating a post
First, about the positions, I currently hold 3 short positions, I will post a picture shortly. At the peak, I had over 20 short positions, and on the 21st, I reduced my holdings near the low point and bought spot and went long.
Now talking about the trend:
Monthly K, correcting during an uptrend
Weekly K, the key point will be around 75,000 to 76,000 in a horizontal consolidation at the top
Daily K, downtrend, currently in a consolidation after a drop and rebound
4H, continuation of a small cycle in a downtrend, currently easy to consolidate
1H, a closing door action, those who are short can reduce positions because there are two possibilities: continuation of the downtrend, or horizontal consolidation
30m, transitioning from consolidation to a downtrend
5m downtrend, rebound strength is very weak (as can be seen from the upper and lower shadows of the candles)
Summary: There will be a possibility of testing the previous low of 80,000, and it is highly likely to consolidate in the range of 80,000 to 90,000. In terms of trend direction, focus on shorting during the day, manage risks well, and do not easily chase shorts or catch bottoms.
