Thursday, Daily Summary, Two Short Positions, Small Victory to Conclude

The overall market today first fell and then rose, with Bitcoin primarily operating at a slow pace. In the evening, an old saying from Huangmao prompted a market reversal, with the coin price rising directly past 116,000, followed by consolidation above this level. Although the bulls dominated throughout the day, we also gained some space on the shorts, with Bitcoin at 1,000 points and Ethereum at 35 points; there wasn't much room, but it was all considered accumulation.

Regarding the early morning market, I still firmly believe in a bearish stance. The short-term market appears strong, but it is also driven by news. On the daily chart, it still presents a weak trend. The recent bullish candlestick has not changed the downward trajectory of the Bollinger Bands, and the MACD death cross pattern remains unchanged. There are no clear signs of a turnaround on a larger scale, so I will treat the early morning with a bearish approach. If it touches 117,000 and does not break, shorts can be taken above 116,500, aiming for 114,500-113,000.

Failure is not frightening; what is frightening is not being able to rise from failure. There are many opportunities in the cryptocurrency market; if you make a mistake once, there will be many more chances. Never hang yourself on one tree, starting over will not be a bad choice either. $BTC