As the market rises, FOMO kicks in, fearing to miss the chance to get rich quickly, but as soon as one enters the market, it retraces; when the market falls, panic selling occurs, and just after cutting losses, it rebounds, as if the market is specifically targeting your positions. Candlestick patterns, news, staying up late to watch the market, ultimately can't compete with one needle that leads to liquidation - it's not that the technique is lacking, but the mindset has already collapsed. Greed makes you hold large positions, fear leads to chaotic selling, and luck makes you stubbornly hold on. In the afternoon, Bitcoin once again broke through a new high, and after a strong breakout above the 123,000 mark, it briefly broke the 123,333 high before quickly falling back nearly 1,500 points, forming a clear false breakout pattern. The RSI on the 4-hour level is in the overbought zone showing a top divergence signal, and the MACD fast and slow lines have signs of a death cross at high levels, indicating a weakening of short-term bullish momentum. Currently, the price has fallen below the early morning rising trend line support; if the key support at 121,800 is lost, it may further drop to the 120,500-120,000 range.
Although Ethereum is performing strongly, the area around 3,080 is a previous dense resistance zone, and the hourly chart has continuously formed long upper shadows, indicating significant selling pressure at high levels. The RSI has entered the overbought zone and is starting to turn down; if the 3,060 support is breached, it may trigger a deeper correction, with the psychological levels of 3,020-3,000 to watch below.
Overall, Bitcoin's rise and fall release adjustment signals, and Ethereum, after a supplementary rise, also faces a demand for technical correction. In terms of operations, it is recommended to focus on high shorts, watching for shorting opportunities on Bitcoin's rebound in the resistance area of 122,500-123,000, with a target below of 121,000-120,500; for Ethereum, if it faces pressure at 3,080-3,100, a light short position can be tried, with a stop-loss at 3,120 and a target of 3,020-3,000.
(Markets have risks, strategies are for reference only, please manage risk well)
