Good evening everyone, here comes the evening report + review tonight. Is 6.65w the top? Is it a double top and will not go up anymore? How low can the short position fall? Is there still a chance to get out of it?
I will answer them one by one. If you haven't followed me, please help me.
1. Review today's operation. I entered the short position last night. However, the price was about the same as mine when I posted the article this morning. Bitcoin fell by 1,000 points but I didn't close it. If you have closed your position, congratulations. Ethereum fell by more than 40 points, which is a drop of nearly 2%. The profit from closing the position is acceptable. It can be considered as a recovery. It can't be said that I made a profit because I lost money yesterday.
2. Is 6.65w a double top that will not break again? The double top view is quite good, but it is nonsense to say that it will definitely not go up. Try to control the price below 6.6w, which can be regarded as a short-term top. Refer to the high at the end of last month.
3. Is there any chance for short positions? Bitcoin needs to break 6.5w in the short term. It may be a bit difficult in the short term. If you don't stop loss, be patient and you can come back.
$BTC Let's take a look at the support of Bitcoin at night. There is basically only one. The last heavy pressure of 6.5w has turned into support. The short-term bottom is 6.5w. The pressure position above is 6.6w 6.65w 6.7w 6.8w 6.65w can only be regarded as a small pressure. The heavy pressure is at 6.8w
$ETH Let's take a look at the lower support of Ethereum. Around 2600, 2575, 2550, 2518-2500 are strong supports. The upper pressure position is 2625. There is a short-term strong pressure near 2650. 2680-2720 is a strong strong pressure against the big cake 6.8w
The idea at night is still to go high. You can continue to take those sold in the afternoon. It is recommended to go short near 6.6w at night. Stop loss 6.65 can break through. Take profit near 6.5w. If it breaks, you can continue to take it. If it is a short position below, it is around 2630. Stop loss can stand at 2655. Take profit 2595-2570. It is not so easy to come down in the short term. If possible, try to do more short-term. This position allows me to go long, but I can't do it. You can try to go long without breaking 6.5w The loss is only about 0.5-1%, and the profit-loss ratio is also reasonable. The Nasdaq plummeted tonight and brought down the pie. Can this script be done?
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