The market trend from June to September every year is generally characterized by fluctuations, confusion, and a cluster of false signals. During this time, bulls should enter and exit quickly without overthinking the pattern; high selling and low buying can be converted into high short and more observation. The 'boiling frog' market conditions mean that controlling your hands is profit for retail investors. On Wednesday evening's live broadcast, a short position on Bitcoin was given at 104300, and on Ethereum at 2500. There are also short-term profits available, and stop-loss levels have been provided. As for whether to hold or take profits, it depends on your own judgment. The large market continues to show high selling and low buying in the short term. Once again, I emphasize that real-time market trends should be based on actual trading!
In terms of K-line patterns, a doji star has recently appeared, indicating a balance of bullish and bearish positions in the market, but at the same time, a bearish engulfing pattern has also emerged, and the downward pattern still maintains an advantage. In trading under such market conditions, one should be prepared for potential volatility. After the fluctuations, the large market is also forming a bearish triangular 'sword' pattern, with a clear direction at the end of the sword, indicating that it will remain in fluctuation until further clarity. If it breaks below 104000, the downward channel will basically begin.
Bitcoin is hovering around the resistance line of 105500, with attention below on 103500/102600; if broken, one can look for support at the line of 100300.