The current market is moving slowly, during my leisure time I will continue to share with everyone about the Ethereum short position I exited yesterday; at midnight yesterday, Ethereum rebounded to around 4683, and the price began to face downward pressure. We followed our strategy and opened a short position near 4638. The price first fluctuated downward, and finally showed a straight drop down, once again plunging downwards. We exited the position when the price fell to 4419, making a profit of 219 points; the market is indeed easy to trade, as long as we adhere to the strategy laid out by Old Li, we can generally profit.

The Ethereum daily chart closed yesterday with a large bearish candle pointing downwards, the candle body is full, breaking the previous strong bullish trend and starting to show a correction trend, which aligns with the bearish strategy given to you all recently. Although the price is currently rebounding, the rebound strength is limited. According to the analysis provided earlier, as long as there is no real rebound breaking the upper resistance level, any rebound is a signal for us to short. However, the price still has some room for upward movement, and there is still a demand for further short-term rebound corrections. Currently, the daily chart shows a small bullish candle adjusting upwards; looking at the Ethereum 1-hour chart, the price has already opened a downward channel, with Bollinger Bands pointing downwards, the trend is one step higher and one step back, with each rebound not breaking the previous high, indicating large volatility, which tests the entry points of the positions. The operation is still to short at higher levels.

Bitcoin can be shorted tonight at 110300-110800, with a target near 108000; Ethereum can be shorted at 4430-4460, with a target near 4300. #比特币远古巨鲸持续出清 $ETH