Failure is not terrifying; what is terrifying is your lack of courage to start over. Today's market shows a strong return of the bearish trend, continuously recovering various levels previously broken through. A significant washout has occurred, which is a common harvesting method used by the operators. At such times, I need to adjust my direction in a timely manner and go with the trend. The early layout of the short position unfortunately resulted in a loss of 600 points, but we also arranged for our students to adjust their direction promptly. The short position successfully captured a space of 1000 points. This is the effect of going with the trend in our layout.
From the hourly level observation, the Bollinger Bands show a deep downward diverging pattern, with the bearish trend making a strong return, continuously guiding the market downwards. The upper, middle, and lower bands of the Bollinger Bands are synchronously and significantly tilted downwards, with the distance between the three bands significantly widening. The price volatility has intensified and is clearly directed downwards. This deep downward diverging structure reflects that the bearish force holds an absolute dominance, with strong selling pressure in the market, and ample momentum for the continuation of the downward trend. In the afternoon layout, we go with the trend, still focusing on the 118000 level.
Tuesday afternoon operation suggestion: Short near 118000 for Bitcoin, target 116000.
Tuesday afternoon operation suggestion: Short near 2980 for Ethereum, target 2900.
