Crisis is also an opportunity. Good morning, brothers. From the ppii smashing Pan on August 14, to the collection of Yin and Yang, and then to the August 15 rebound without nurturing and piercing patterns, the weekend had two consecutive narrow-range star lines. During this time, all the rebound attempts that the coach gave everyone were about not having a pattern. After a significant drop yesterday, the coach realized that crisis can also be a turning point and an opportunity. The coach quickly informed everyone that Bitcoin at 115,000 and Ethereum at 4,250 is the bottom of the phase for counter-rebound, and the results were very obvious. Bitcoin reached 116,900 in the morning, moving out a space of 1,900, while Ethereum at 4,250 rebounded to 4,386, creating a space of 136. Demonstration of a small position, as well as oil at 8.5k reached 142,000 on the 25th. Although not much, looking back is also a light boat among heavy mountains.
The danger has not yet been lifted. Those who travel a hundred miles are halfway at ninety. If Bitcoin does not stand above 117,000, and Ethereum does not stand above 4,400, then there is always the possibility of a pullback. The coach believes that Bitcoin's limit is at 110,000, Ethereum's limit is at 4,000, or maybe 4,100. The rebound can also be short, and close to the bottom structure can also be used for short-term multiple testing.
This week, focus on the Federal Reserve meeting minutes at 2 AM on Thursday, which is the only significant event this week that can provide directional guidance. The idea is to first short and then go long during the day.
High short strategy:
Short at 116,500, add short at 117,000, watch 115,500, major support at 113,000.
Short at 4,360, add short at 4,380, watch 4,260, major support at 4,100.
Low long strategy:
If 115,500 does not break, go low long, look up at 117,000, major resistance at 118,500.
Long at 4,250-4,270, look up at 4,380-4,450.
Currently, looking at the closing line, the pullback cycle has not yet finished. As long as the pattern is small, you can still get a full meal. Pay attention to the mentioned resistance above.
