Why do I say I don't recommend everyone to go long?

Now you know, right? In every post I say don't go long; it's better to stay out of the market. Today’s flood release saw Ethereum drop more than 200 points in 1 hour, and Bitcoin broke a new high and then quickly pulled back to 7,000 points. This is just the beginning of the alarm, reminding us that even sipping soup comes at a painful cost. SOL hit 192 yesterday and doubled, I've already taken profits and left. I’m not greedy because in this kind of market, the pattern will really give back everything. If the 4-hour line can’t stay above, the direction is dependent on the downside. After all, it has risen for so many days, so I don’t recommend everyone to go long right now. I suggest everyone to short on the rebound or just set a low price to catch a rebound!

SOL hit 187 with one jab, and I almost thought about running away. What’s the concept? It jabbed back to the bottom of the fluctuation zone, almost breaking down. Once it breaks, it will quickly drop to the 170-180 structure. The bullish structure will also be damaged. I initially thought it could reach 220, but who knew it started to fade at 210. The KDJ daily indicator formed a double top, and the MA lower track was almost breached. The Bollinger Bands directly hit below the middle track. This is a one-sided rush for long positions, reminding everyone that making money will be harder in the future. I recommend everyone to set double orders: short orders around 200-203 to short, with previous highs as the stop-loss line, targeting around 175. Long orders around 171-173, targeting 185. Whichever side you enter first, just cancel the other side's order!

Bitcoin is actually quite simple; the bullish structure hasn’t been broken. It hasn’t even touched the bottom of the rising wave channel, but it has broken the short support at 118200 on the 4-hour chart. Moreover, the K-line has already broken the MA lower track. The Bollinger Bands lower track is a single support, but it feels a bit like three tracks moving down. I believe it’s not the time to go long. Even if it rises, I won’t chase it because I believe it hasn’t hit the bottom yet. Unless we can pull up that big bearish candle on the 4-hour chart, so honestly, just set a long order between 115000-115600. Tonight won’t be peaceful; if you don’t want to stay up all night, then don’t get too involved. Just set a low long order and that’s okay. Let’s talk about targets only if we get in without a stop-loss. Tonight's orders carry a high risk, just for your reference. If you feel it’s unreliable, you can stay out of the market or buy back. Alright, set your orders and watch the show, dear friends! $BTC