Good afternoon everyone Let's talk about the general trend of the market ahead
Last night, the big player Tianlong entered a short position too early, causing everyone to stop-loss. However, the previous day's short position still had profits, so the losses shouldn't be too much. Let's discuss how we should enter short positions today during the day, or where to enter long positions on the pullback. In this wave, we made a profit of 8000-9000 points on Bitcoin, 4000 points on Ethereum. It's all big profits. I got greedy, and the profits pulled back a lot. I only exited halfway through yesterday. It's still considered profitable. At this position, I still have a positive outlook on short positions. The first resistance on the daily chart is still quite strong. Secondly, I looked at the Nasdaq; its short-term pressure has also arrived. Last night it didn’t follow the US stocks and flew on its own. We still need to follow the US stocks later, so the short position is imminent. It meets my expectations. I have already prepared to short at these high positions today.
I shorted near $BTC 93888, with a stop-loss around 97000 or 98000. My main positions are generally held in the medium-term, as long as I enter, I will set a stop-loss and hold patiently. Take profit below 86000.
I shorted Ethereum near $ETH at 3083, with a stop-loss at 3278. The stop-loss is set a bit high at 200 points. If you feel it’s too much, you can wait and see if it reaches 3150 or 3180 tonight; that would make the risk-reward ratio even better. I consider myself quite anxious. Take profit below 2750.
I shorted SOL near $SOL at 143.8, with a stop-loss at 150 to stabilize. Take profit below 128.
These positions are estimated to hold for one to two weeks at most. If you feel the stop-loss is too much, see if there’s a bit of a rise tonight before you short again. The stop-loss position remains unchanged; just do it. Last week, we laid out such a large short position, and all the brothers made a profit from it. Are we still afraid of this? Charge! If anyone has questions, feel free to leave a message.


