First review, then organize your thoughts, I will send it later.
We briefly reviewed a segment where Bitcoin had a significant volume increase to around 116800, after which clear signs of selling began to appear. After a three-hour tug-of-war, a small doji candle formed in fifteen minutes, and at around 116600, a small amount of selling was done to test the 115500 area, with the pin point stopping exactly at 6:15 PM's pin point. A large amount of buying appeared here, followed by a decrease in volume, indicating that the bullish main force was testing the movements of the bears. Without clear resistance, a second volume increase was initiated to test upwards towards 117500.
If you remember Chiye's words, you should recall that I mentioned these past two days that selling high is for buying low. This is for the second stage rally in the future market, and high-level consolidation is often where the greatest divergences occur and is the most difficult. I suggested that you take a short position at the 116800 area when the bulls take profit, which provided a potential exit at the 115500 area for the bulls, a conservative approach that has been validated by the market.
I asked you to do both sides, and the positions and directions provided considered the possible operations of both main forces. The overnight consolidation mainly operated around the 116800-117500 range, and the tug-of-war became intense after 8 AM, testing both sides twice. However, at 8:30, the KDJ and RSI indicators did not have sufficient buying volume to support them and were suppressed, leading to a round of retracement. This segment was also highlighted and provided with guidance at 6:30 AM.
Ethereum showed obvious signs of manipulation, so I didn't provide you with specific ideas. However, you can see that the narrow and intense competition is at the 25-point Ethereum, and the opposing consolidation is within 50 points, while the tug-of-war is at 75 points. This means that ultra-short lines are full of opportunities, while quantitative and grid strategies are absorbing the trapped positions. The main force is also looking for opportunities to force the positions, but if not handled well, it can lead to a pullback, which is something retail investors struggle to manage. Just observe; there's no need to participate.
