陈平安_
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Bearish
Good morning, brothers! Did you all feel the pain from the short positions yesterday?
This wave of stability is no longer about missed selling; it's all about earning forever, haha!
Waking up and directly harvesting feels great!
Let me update the current thinking, brothers. Bitcoin has been affected by the U.S. stock market overnight, and the current price has already fallen below 84,000. Ethereum has dropped below 1,600, breaking the bullish trend. The short position at 85,650 for Bitcoin has brought in about 1,000 in profit, and the head position for Ethereum at 1,636 was added at the 1,650-1,660 mentioned averaging around 1,650, currently also showing a profit of about 60. For garbage coins like Ethereum, rebounds just give us shorting opportunities; it's a pure cash machine!
Today, the daytime trading will be affected by the U.S. stock market, and the early morning rebound will definitely lack strength. Furthermore, it has been declining and seeking effective support to rebound. Therefore, this is definitely not the bottom. If the entity falls below 84,000, we will look at the support levels at 83,000-82,000-81,200 for rebound situations. For Ethereum, pay attention to the support levels of 1,562-1,503-1,470 to see if there’s a rebound. In short, I have previously mentioned not to foolishly try to catch the bottom in a downtrend. Before the market has completely stopped falling, if you try to catch the bottom, you will end up losing everything. You must patiently wait for the right position! Don’t engage in longs unless the position is right. Remember, we are traders, not gamblers!
What we need to do is to follow the trend and move in the direction of the market.
It's like fishing; what you need is patience.
Control your desires and achieve unity of knowledge and action.
The winner is always us! 👊
This wave of stability is no longer about missed selling; it's all about earning forever, haha!
Waking up and directly harvesting feels great!
Let me update the current thinking, brothers. Bitcoin has been affected by the U.S. stock market overnight, and the current price has already fallen below 84,000. Ethereum has dropped below 1,600, breaking the bullish trend. The short position at 85,650 for Bitcoin has brought in about 1,000 in profit, and the head position for Ethereum at 1,636 was added at the 1,650-1,660 mentioned averaging around 1,650, currently also showing a profit of about 60. For garbage coins like Ethereum, rebounds just give us shorting opportunities; it's a pure cash machine!
Today, the daytime trading will be affected by the U.S. stock market, and the early morning rebound will definitely lack strength. Furthermore, it has been declining and seeking effective support to rebound. Therefore, this is definitely not the bottom. If the entity falls below 84,000, we will look at the support levels at 83,000-82,000-81,200 for rebound situations. For Ethereum, pay attention to the support levels of 1,562-1,503-1,470 to see if there’s a rebound. In short, I have previously mentioned not to foolishly try to catch the bottom in a downtrend. Before the market has completely stopped falling, if you try to catch the bottom, you will end up losing everything. You must patiently wait for the right position! Don’t engage in longs unless the position is right. Remember, we are traders, not gamblers!
What we need to do is to follow the trend and move in the direction of the market.
It's like fishing; what you need is patience.
Control your desires and achieve unity of knowledge and action.
The winner is always us! 👊
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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