Tariffs officially implemented, US stocks plummet, short positions profiting! 8.1 Bitcoin trading strategy
US President Trump signed an executive order determining the 'reciprocal tariff' rates imposed on multiple countries and regions, with specific rates ranging from 10% to 41%. The short selling strategy provided yesterday accurately hit the mark, allowing for a short position to gain 500-1000 points on Bitcoin and over 100 points on Ethereum during the day. Continuing the short selling strategy given at midnight could yield 3000-4000 points on Bitcoin. Those who followed along can profit! Friends who followed can move their stop-loss to secure profits or cash out directly!
From a technical perspective, the daily chart shows four consecutive bearish candles, and the bearish trend continues in the morning. The Bollinger Bands are starting to widen, and both KDJ and MACD are showing downward divergence, indicating a dominant bearish trend. Coupled with the tariff implementation causing a significant drop in US stocks, this may continue. Therefore, the strategy to maintain short positions on rebounds remains unchanged! Watch for resistance levels at 119500, 120000, 121000, 122000, and 123300, and support levels at 114500, 114000, 113200, and 110500.
8.1 Bitcoin trading strategy: Aggressive traders can short on the rebound at 117000-117500, while conservative traders should enter at 118000-118500, with a stop-loss near 119000. The target is around 116000-115500, with further levels at 115000-114500 if broken, and adjust stop-loss to secure profits as needed!
8.1 Ethereum trading strategy: Aggressive traders can short on the rebound at 3750-3780, while conservative traders should enter at 3820-3850, with a stop-loss near 3880. The target is around 3700-3650, with further levels at 3630-3600 if broken, and adjust stop-loss to secure profits as needed!
Long position strategy: Buy one hand of Bitcoin on retracement around 114500, with a stop-loss near 114000. The target is around 115500-116000-117000, with adjustments to stop-loss to secure profits as needed!
Buy one hand of Ethereum on retracement around 3600, with a stop-loss near 3570. The target is around 3650-3680-3700, with adjustments to stop-loss to secure profits as needed!
US stocks have been so strong recently, yet the implementation of tariffs still brought them down. Thus, it is clear that the market is still quite fearful of tariffs. Subsequent funds may flee, so those looking to bottom-fish must remember to set proper stop-losses and not hold positions! #关税实施