The qualitative aspect of the trend is one-sided, and the one-sided qualitative aspect is the candlestick pattern. On Tuesday and Wednesday, Bitcoin and Ethereum took off across the board, and all the ideas provided from the live stream to text have been realized. Early morning short positions, afternoon shorts, and continuing shorts in the evening. After taking profits from three consecutive trades, rest. $BTC
This is the importance of the trend; I have always emphasized acting in accordance with the trend. This is the reason I said during tonight's live stream to only short and not go long. Although there was a rebound in the evening, it had no impact on us at all. This highlights the importance of exiting based on patterns and timing.
Although there was a rebound in the evening, based on the current double top adjustment space, it has not yet adjusted adequately. The weekly and daily charts still have further adjustment space. The slight rebound in the short term is still defined as a corrective method. In the small cycle, it is still contracting and consolidating, and the rebound is basically just a brief touch. The main reason is that the recent one-sided rhythm is significant, causing the indicator moving averages to deviate too far. Reasonable adjustments within an appropriate space are not a big problem; the trend has not changed significantly. Whether it stabilizes and rises or is blocked and falls back is still in a tug-of-war. In terms of operations, it is still advisable to maintain high short positions and follow up. In terms of patterns, both Bitcoin and Ethereum still need one more accelerated downside. $ETH
On Thursday morning, focus on shorting Bitcoin around 114500-115000, with the target around 113000.