Do not easily attempt to share experiences with newcomers. Rather than trying to reason with them, it is better to let the market educate them. Life experiences are irreplaceable, and the storms of the market cannot be substituted. Pain and joy are not interchangeable; only through personal experience and growth can one truly remember. One cannot grasp the invisible winds or hold up the entire sky, but one can seize the current market situation and capture the profits brought by fluctuations. The market is vast, and every candlestick has joy occurring. This morning, the cryptocurrency price first experienced a slight rise, encountering resistance around 105,000, followed by a small pullback. It is currently fluctuating around 104,000. The short positions we set up this morning were also successful, achieving nearly a thousand points of profit, which was within our expectations. We will act as the market moves; we do not seek frequent trades, only stable profits.
From the technical indicators of the one-hour Bitcoin chart, regarding the BOLL indicator, the price is oscillating near the middle track, with the upper track flattening, indicating a lack of upward momentum. If it breaks below the middle track, downward space may open up. In the KDJ indicator, all three lines are below 50, with the J value in the oversold area and not showing a clear reversal; under the dominance of bears, there is insufficient short-term rebound momentum. In the MACD indicator, DIF is less than DEA, and the MACD value is negative, with the histogram below the zero axis, and the fast and slow lines showing a downward divergence trend, indicating a weak bearish dominance area, and the downtrend may continue. In summary, the technical outlook for Bitcoin on the one-hour level is bearish, with significant short-term downside risks.
Bitcoin Strategy: Short around 104,500-104,800, target 102,500
Ethereum Strategy: Short around 2,520-2,540, target 2,480
