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?
The upper resistance can still be focused on 88000 and 90000, entering short around these levels. Last night, the short position near 875000 can continue to be held, with short-term support looking down at 86000, 85000, and 84000. This week's bearish target remains at 80000, with the swing short unchanged at 75000!
The Ethereum daily candlestick forms a bearish cross star, the lower band of the Bollinger Bands is slowly opening downwards, creating space for a downward move. The intraday strategy remains focused on short positions, with resistance levels to watch at 2980 and 3030, entering short around these levels. I have already held a short position near 2950 from yesterday, just continue to hold, with targets below at 2910, 2850, and 2800. This week's bearish target looks at 2600, with a swing short targeting 2500!
Life is half poetry and half fireworks; life is half effort and half fate. Strive to be a clear-headed, self-disciplined, and open-minded person. You should be able to walk far and wide, and also enjoy a fine wine with tea. When you have the ability, do something great; when you don't, do something small. If you have power, do good things; if you don't, do practical things. If you don’t act, you will never reap rewards; if you don’t believe, you will never succeed; if you think it’s impossible, you will always stay in the present. The future relies on seizing opportunities and hard work; believing always gives you one more chance of success than doubting.
