Black Friday is indeed well-deserved of its name. Although the US stock market is closed today, the market behavior is quite bizarre, continuously declining without stopping and frequently breaking below support levels. In life, most things do not go as planned. During the midday, we bought more at around 109129, waiting for a certain pullback to average down the price. This was also to ensure that we could exit in time after a rebound, to avoid being stuck in a position. However, the market did not give us much chance for a rebound, and by the evening, when it dropped to around 107780, we had to stop-loss and exit. The loss on the position was 1222 points, which was unavoidable. We take on what we must, and we should not be too stubborn with what we should not take on. After all, it's impossible to always be a general who wins; the market is always there. We need to keep our spirits up and maintain our mindset, looking for opportunities to fight back. I always adhere to Old Li's saying: what cannot defeat me will only make me stronger.

After reaching a high yesterday, the market for Bitcoin (大饼) experienced a pullback. Although it did not provide much room for a pullback, today’s market continued the pullback from yesterday, remaining in a downward trend throughout the day. Unfortunately, we were also swept by this trend in the evening and learned a good lesson. The daily chart for Bitcoin formed a medium bearish candle pointing downwards, slowly dragging the bulls down and providing little room for a rebound. The daily candle is full and bearish; Ethereum is showing a similar pattern, with a bearish candle pointing down. The 4-hour chart for Bitcoin showed a pattern of reaching a high and then retreating, facing resistance after climbing to the 110484 level. It has been continuously declining, giving back most of the previous gains, and the price has pierced through the Bollinger middle band, opening a downward channel. Here, we will not be stubborn anymore and will follow the trend to short directly at midnight, looking for a continuation of the bearish trend.

Bitcoin can be shorted at 107800-108300, targeting around 105000; Ethereum can be shorted at 2510-2530, targeting around 2420. #比特币 $BTC