Thank you all for your support, no one is attacking me, really no one is attacking me. Zhongliang will not let losses affect his mindset and judgment! Be loyal to the market and to yourself! Ethereum showed strength first yesterday, but the upper level at 2069 has been pressured three times. It is currently slightly weak, but the 2000 level is still holding and might not break. It cannot be ruled out that this is a trap for short positions. I still hold the short position at 2030 from last night, and I am preparing to reduce my position at 1990 and then change to a breakeven loss. I maintain my morning view: if it breaks below 1990, watch for a retracement. A rebound is not a reversal. If 1990 holds and rebounds, then it's just a small pullback, merely a trap for shorts!
Bitcoin is slightly stronger, having tested the lower level at 85500 a few times but has not broken below it for now. The key focus below is whether it can hold at 85000. If it holds, continue to look for a rebound to test the 90000 level. If it cannot hold, then watch for a downward retracement to the 80000 level, which would eliminate the bulls!
Currently, the market does not seem to be a trap for longs because if it were just a deliberate push to eliminate shorts, then it would have cleared out most of them last night. Logically, it should immediately go down to continue clearing out the bulls, but the market is not moving that way. A rise followed by a pullback is normal, but it is not going down smoothly, hesitating a bit, consolidating at high levels. There is a sense of a trap for shorts, giving hope to those who were hurt yesterday, giving confidence to the shorts, allowing them to continue shorting while the longs accumulate and continue to rebound!
Therefore, today if Bitcoin does not break below 85000, do not hastily declare the rebound over. I also mentioned this morning that the opportunity for high shorts has been missed. The short position above 86500 would indeed be profitable, just like shorting Ethereum at 2030 or 2050, which doesn't need to be panicked about; there is always something to gain. Having missed the opportunity for high shorts, one can only wait: wait for the support to break to chase shorts, or if the support holds, to go long at lower levels! This is the current thinking regarding the market...
