Bitcoin's significant rebound faces resistance and a pullback reappears. Should bears be prepared?
Recently, due to being busy with offline meetings, I returned to the market, and the trend of the market has made many retail investors uncomfortable. The future market trend is basically like gods fighting; all we can do is control our positions, trade according to the trend, and regardless of being long or short, we must manage our risk well. Let's move forward together with the pace of Jiu Ling.
There’s no need to revisit past market conditions; reminiscing only adds to the sorrow. When you cover your face and sigh, time has already passed, and profits have quietly slipped through your fingers. The market has no injustice, only unjust hearts. Do not complain, do not hate, be indifferent to everything, let the past be like smoke. We have experienced, got drunk, woke up, shattered, and finished.
Currently, the market has also rebounded to the 95,000 line at its highest. There is no need to say much; the bottom shorts have basically been cleaned out. Looking at the short-term K-line structure, if it doesn't break the resistance level, the bears will show signs of a pullback. Although the bulls have shown a unidirectional trend, the current price is at a high point. When entering short positions, do not think about the big picture; suppress your inner greed, and do not chase highs or sell lows. The main strategy is to focus on selling high and buying low!
BTC: 9.38 short, rebound at 9.5 short, target 9.20/9.10
ETH: 1790 short, add short at rebound 1830, target 1730/1680. Specific entry points based on actual trading.
Focus on the Jiu Ling trading system, do not engage in ambiguous analysis strategies, the dual competition of technology and news, the realistic game of profit and risk. See you every night in the 9:20 live room, don't miss it.