Maximum 86400?

Yesterday, I emphasized opening a short position at 86000, and opened a short position above 132 for sol. Of course, I know that most people are calling for a breakout and are shouting long positions, with some looking at 88000 and others at 92000, but when the market comes down, they play dead.

Today, my mental massage therapist continues to work, and many friends who followed me to open shorts around 86000 have already made about 3000 points and can't resist the loneliness, starting to close their positions. They believe that as long as they can take profits, it's fine; whether they earn more or less depends on their understanding. As long as you don't leave and are in a hurry to open a position, it's fine. It's like going to Macau to gamble, hitting twice and making money, thinking you are the chosen one, eagerly opening a third bet, but if you get it wrong, you may face a total loss—at best, you give up your profits, at worst, you get seriously hurt.

Why do I only shout for swing trades? Because swing trades have higher returns, and the frequency of opening positions is low, most friends can keep up. Day trading can provide 4-6 trades a day, but the profits are low, and you might miss the opportunity when I call it out. You end up contributing to transaction fees for nothing.

Back to the market, yesterday the ETF ended its outflow and switched to inflow, over 1.4 million dollars. Looking at the daily chart, the downtrend has not ended, and the large range from the bottom to the upper 86400 has exceeded 12000 points. Assuming a reversal occurs later, we still need to test the bottom support first.

So, the short position near 86000 yesterday had the first take profit level set around 81300, and the second take profit level set around 77800, which is very prudent (the 4-hour level is showing downward volume, it can't be just 2000-3000 points).

For new friends, if you are flat, you can try to short if BTC rebounds near 84400.

For sol, as mentioned yesterday, the 1-hour head and shoulders pattern has completed, and the next move is downward with increasing volume, following BTC, with the first take profit level around 113 and the second take profit level around 108. It is worth mentioning that we need to pay attention to the collapse of sol's chain, as a sharp collapse may continue downward. This is commonly referred to as a correction (after all, when the major coin was doing a double bottom at 74500 last week, sol did not form a double bottom).

For those who are flat, if it reaches around 128, you can try to open a small short position.

The market is moving slowly, everyone be patient.

If you like it, please follow, all positions in the square are laid out in advance, and I haven't lost in the past month.