Yesterday's market has ended, and the intraday bearish strategy was perfectly executed. After the midday Ether short position captured a profit of 107 points, we continued to provide the idea that a rebound is also a short opportunity. Ether conquered another level, and the short position once again secured 65 points. In the evening, we maintained a high short strategy. Bitcoin first seized nearly a thousand points, then rebounded after hitting the lower support, followed by a reversal to long, capturing over a thousand points in Bitcoin. This wave of first short then long totaled over two thousand points in gains, perfectly concluding yesterday's market; the market is indeed easy to navigate. During the day, it was only necessary to participate around Old Li's strategy without getting too caught up in the positions. Not to mention the ability to grasp the reversal in this wave, the short positions have generally been quite profitable. How did everyone else perform? If you still can't grasp the market rhythm, feel free to reach out to Old Li, who will help you regain your own profits in the cryptocurrency circle.
Bitcoin's daily chart has once again shown a bottom rebound pattern. As predicted yesterday, the price formed certain support near the critical level of 110,000. The daily candle closed with a pin, indicating that the support below remains strong. The second dip has not been effectively broken or extended. In the short term, we will first observe the gains and losses at the 110,000 mark to see if it can stabilize effectively. Currently, the daily chart has closed again, forming a certain lower shadow. Ether's daily chart has also shown the same pattern, providing a strong rebound after approaching the 4,500 mark. The first support level is currently focused on the 4,500 mark; with significant fluctuations, the actual point will further test the entry points. Both long and short positions provide decent space, so it’s important to grasp the upper pressure and lower support. In terms of operation, everything should be based on the actual points. Currently, we just need to follow the trend and look for high entries for shorts; if it hits the lower support, then take a short-term long position.
Bitcoin can be shorted between 112,500-113,000, targeting around 111,000; Ether can be shorted between 4,640-4,670, targeting around 4,530. #比特币远古巨鲸持续出清 $ETH