Breaking News! Bitcoin and Ethereum present a short selling opportunity in the short term, aggressive traders take note!
In trading, one must first have a big picture view, determining the trend direction from a larger cycle, much like planning a route on a large map; identifying buying and selling points in smaller cycles is akin to precise localization in a localized area.
First, let's look at Bitcoin. The daily chart closed with an upward pin bar candle, with the price around 118600. The Bollinger Bands are flat, MACD moving averages are rising, bullish volume is being released, and KDJ is trending up, indicating overall bullish momentum. However, on the 4-hour chart, the Bollinger Bands are narrowing upwards, the MACD moving averages are turning down, bearish volume is emerging, and KDJ is trending down, indicating a short-term bearish counterattack.
Regarding Ethereum, the daily chart closed with a doji candle around 4220. The Bollinger Bands are opening upwards, MACD moving averages, bullish volume, and KDJ are all trending up, showing strong bullish momentum. However, the 4-hour chart indicates that the Bollinger Bands are narrowing upwards, MACD moving averages are moving down, bearish volume is increasing, and KDJ is moving up, leading to a standoff between bulls and bears, indicating a short-term need for a pullback.
Current market conditions show a strong rebound after testing support, with Bitcoin retreating after testing previous highs and Ethereum closing with a bearish candle after a second test, showing clear signs of a short-term pullback after a second attempt to rally. Based on this, I believe aggressive friends can attempt to short.
In specific operations, short Bitcoin in the range of 119500 - 120000, targeting 118500 - 117500, with a stop loss set at 121000; short Ethereum in the range of 4320 - 4360, targeting 4250 - 4200, with a stop loss at 4400.
But remember, the market changes quickly, strategies have a time sensitivity, and it is essential to set strict stop losses to manage risks.
If you are in this situation too! Unable to grasp the market direction, holding on when the direction is right, and stubbornly holding when the direction is wrong! In the end, only a few scraps of silver are left! You can follow me! I'll help you turn the tide!
