Recently, Iran and Israel have been in continuous unrest, and Bitcoin has risen and fallen as I predicted.
From the four-hour level, Bitcoin began to drop sharply at 6 AM yesterday morning, with a large bearish candle closing below, and the market moved just as I precisely predicted. The risk control strategy I provided in the Sacred Lake Core Research Institute group was to short at 108688.8, achieving perfect profits.
After that, Bitcoin continued to break down, reaching a low of around 103400 dollars last night.
Short-term attention on Bitcoin is focused on the resistance at 106000 dollars. Resistance levels at 106800 dollars and 107800 dollars are strong on the four-hour chart, and I personally do not expect Bitcoin to strongly break and stabilize above 109000 dollars in the short term.
From the daily level, Bitcoin closed with a large bearish candle yesterday, technically referred to as a "one bearish breaks three lines," also known as a 'guillotine'.
Bitcoin is likely to further retract and decline at the daily level, and in terms of operations, I suggest continuing to short Bitcoin at highs.
Ethereum spiked to around 2680 dollars around 4 AM yesterday before starting to drop sharply. It continued to decline throughout the night, hitting a low of around 2455 dollars.
Around 12 AM yesterday, I provided a risk control strategy in the Sacred Lake Core Research Institute group to short at 2681.88, but it missed the execution by just 1.88 dollars; perhaps this is trading—trading is like life, where gains lead to losses.
However, later yesterday morning around 8 AM, I set up a long position for Ethereum at 2528.88, which yielded some profit.
From the four-hour level for Ethereum, there is some selling pressure at the resistance level of 2580 dollars, but the real strong resistance still lies at 2680 dollars.
From the daily level, Ethereum closed with a large bearish candle yesterday, making it difficult for Ethereum to repair the strong resistance at 2680 dollars in the short term.
We should closely monitor the strong support at the daily level of 2450 dollars for Ethereum, and the operation still focuses on shorting at highs.
Finally, I want to say that whether you can trade well in the financial capital market is not absolutely related to your education, but it is greatly related to your practical market experience and understanding.