Weekly Summary and Market Outlook!
At the beginning of the month, we shorted all the way down from the 110,000 level, laying out strategies for 'swing shorts,' 'daily plans,' and 'large and small swings.'
It can be said that we are in a stage of a bearish trend.
This week's plan has a high win rate, over 90%!
[Note: Brother Yao's plans are based on market prices or disclosed in advance, with no hindsight trading involved]
We have also received a lot of support from loyal fans. I'm very pleased!
Brother Yao is willing to build the industry together with everyone!
Regarding the market outlook: yesterday's sharp drop surprisingly resulted in a strong V-shaped recovery! This is also the first time we've seen a losing trade this month. However, we fought back! Staying up until 4 am to regain that loss is a responsibility!
Currently defined as: back-and-forth whipsaw, chasing highs? From Brother Yao's daily plans and large and small swings, it's clear that my focus during this phase is on shorting at resistance levels! By expanding the cycle and perspective, or waiting for the cryptocurrency price to stabilize for a while, you'll be able to understand the risks and values of operating above 105,000 at present. For retail investors trading contracts, it's advisable to reduce leverage, which significantly lowers risk management!
Personally, I am optimistic about the beginning of a long cycle and a prolonged correction! $BTC $ETH