This week there will definitely be a major crash, starting unexpectedly, making it impossible for most people to get on board. Stay tuned for my top-notch ideas!
Currently, there are still many obstacles above Bitcoin, waiting for it to break below the integer level of 94,000. The advantage for short positions is evident, with the target continuing to look down at the levels of 93,000 and even 91,000.
The position at 94,000 has been calm for several days, a phenomenon that often leads people to fall into the illusion of a downward trend. However, when a real decline is about to happen, many miss the good opportunity.
Short in the 95300-95700 range, target 93000, with a stop at 96300. This is a personal opinion, for reference only.
In recent days, morale has been somewhat subdued, partly due to the market not performing well, and partly due to repetitive remarks. In the days of past glory, everyone gathered around, but once faced with setbacks, they began to criticize. It resembles the saying 'when the tree falls, the monkeys scatter'!
Every day's market is simply what it is—short is short, and long is long. Every strategy has its defensive line, and it will never mislead people. My persona and reputation are the results of years of honing. I ask, how many people dare to publicly present strategies with a defender?
Ethereum has just experienced a brief pullback after a high surge and has now entered a volatile pattern. As for signs of reversal, none have yet emerged; it is merely a phase of fluctuation. If a rebound touches high levels, continue to adopt a short strategy.
The market is unpredictable, and Ethereum's recent performance is just that, with its ups and downs being nothing surprising. Therefore, in the face of a wave of rising prices, do not hastily declare that a reversal is coming; instead, appropriately position short positions at high points.
Enter short at 1850, target 1750, with a stop-loss at 1885. This is a personal suggestion for reference only.
Bitcoin has firmly held above the 90,000 mark for over eight days, yet it has not shown signs of soaring high; a true reversal seems to linger beyond reach. While bulls occasionally show intent to rebound, their strength is lacking, and the high-altitude situation remains dominant.
The bullish rebound of Bitcoin is weak, and bears still hold the upper hand. Each rebound merely provides another opportunity for the bears. Therefore, in terms of Bitcoin operations, the main theme continues to be short selling. Bitcoin is expected to continue looking down at the waterfall trend set in early May!
Enter short at 95,300, target 93,000, with a stop loss at 96,000. Personal opinion, for reference only.
It still can't take off today, the resistance above is obviously strong. During the day, continue to focus on short positions at high levels, with unchanged targets of 93,000 and 91,000 below.
In May, there will be multiple messages, including the Federal Reserve FOMC interest rate decision, Powell's monetary press conference, speeches by Federal Reserve officials, unemployment benefits, non-farm employment data, inflation expectations, CPI monthly rate, and year-on-year housing price index, among other key indicators.
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The upper side has resistance, and flying is not going smoothly. There is no one-sided market, and it will ultimately come down. 93,000 and 91,000 are both target levels!
It's flying now, whoever loves to chase can chase, I won't chase. Just focus on the position and go short, the process can be a bit grinding. After the storm comes the sunshine!
As of now, Bitcoin is hovering in the range of 96,000-87,000. Whether it can break through depends on the market in May. Currently, it's either short or just hold still.
High position shorts are as stable as a mountain! Overall shorts are also significant, and we continue to expect a decline in high positions.
(Figure 1) The shorts near the resistance of 95,000 are firmly held, and the prediction of a decline before this Wednesday has been perfectly fulfilled today. (Figure 2) The anticipated pullback this week has arrived, and a decline has directly begun!
Bitcoin 3,000 wave space, Ethereum 100 points wave drop. Although not a crash, it is indeed an effective correction. The short strategy and defensive deployment are correct, and the thought process is clear and accurate. Continuation of the waterfall before Wednesday!