Short on Monday, reaping profits all the way, Bitcoin's three shorts gained 3100 points!
Recently, the entire cryptocurrency market has shown obvious signs of correction, and following the major trend to go short is definitely the best choice. Last week, I tried to bottom-fish with two longs, both of which were stopped out. Subsequently, I simply followed the trend and went short all the way, reaping profits.
This also indicates that for most rhythms, we do not need to analyze too much; simply following the trend and going with the flow is enough. Overthinking can easily lead to mistakes, which is why I repeatedly emphasize the importance of following the trend in trading!
In today's layout, we also chose to be bearish, with strategies focused on shorting during rebounds. Bitcoin's three shorts and Ethereum's two shorts were both successfully executed, with Bitcoin gaining over 3100 points and Ethereum securing 70 points! Following the trend is indeed very easy and stable!
After the U.S. stock market opened in the evening, it opened low and rose high, which also influenced cryptocurrency to experience a significant rebound. Bitcoin reached a high of around 83900 in the evening, while Ethereum peaked at around 1847!
Currently, both Bitcoin and Ethereum are oscillating and consolidating above the four-hour midline. If they can maintain stability until tomorrow's opening, then a V-shaped reversal for Bitcoin to return to 89 might not be a dream! Friends who laid out positions in the early morning need to focus on breaking through the 84000 level. Trade cautiously and maintain good defenses!
