Can we still short after the crash? Today's strategy quick look
1. Market Review: Waterfall Crash
• Bitcoin: Dropped from over 87000 all the way to 84000 (intraday drop of over 3000 points)
• Ethereum: The 2000 level was breached, hitting a low of 1854 (almost 10% drop)
• Key Point: No rebound after the sharp drop in the morning indicates complete control by the bears
2. The Truth Behind the Crash: Main Force's Chain Attack
1. Chain Explosion of Long Positions:
• Bitcoin levels of 87000, 86000, 85000 were broken one after another, with leveraged long positions liquidated over 300 million
• Ethereum's psychological defense line at 2000 was breached, triggering panic selling
2. Technical Breakdown:
• The daily candlestick's large red engulfing pattern swallowed the gains of the previous 5 days, with 4 consecutive red candles on the 4-hour chart + Bollinger Bands opening downwards, indicating a typical bearish trend
• Bitcoin's 84000 has become a critical short-term support line, breaking it could plunge directly to 80000 (weekly support)
1. Bitcoin Short Positions:
• Entry: Short in the range of 84300-84800 (upper side of the consolidation zone)
• Target: 83000 (previous low psychological level), if broken, look to 82000
• Stop Loss: 85200 (if breached, the trend may reverse)
2. Ethereum Short Positions:
• Entry: Short in batches at 1880-1910 (rebounds are just money making opportunities)
• Target: 1820 (daily support), if pierced, can look to 1800
• Stop Loss: 1930 (if stable above 1900, it indicates main force support)
• Don't catch the bottom: After a sharp drop, there will definitely be a rebound, but retail investors chasing a rebound ≈ catching falling knives
• Leverage should not exceed 3x: Poor liquidity at night can lead to instant zeroing during spikes
• Keep an eye on 84000/1900: If broken, directly chase shorts; if not, wait for a rebound to short
Core Conclusion
• After the crash, market sentiment is extremely weak, and rebounds are just opportunities to escape
• Bearish targets are clear: Bitcoin below 80000, Ethereum below 1800
• Remember: In the face of trends, all support is like paper!
Operation Principle: Short on rebounds, add positions on breakouts, keep stop losses steady, refuse to fantasize!