In the morning, the bearish strategy I proposed has been fully validated in the market, and the evolution of the market is progressing smoothly along the expected trajectory. So far, the movement of Bitcoin has been as we anticipated, creating a considerable profit space of nearly 1000 points. The precise grasp of this market wave is indeed commendable. Meanwhile, Ethereum has also performed admirably, with its price fluctuations yielding us a profit range of over 30 points.
According to the current market situation, Ethereum's four-hour level shows that after experiencing a two-day rebound, the market has slowed down, and the price has also retreated. Although the MACD indicator is in the positive zone, the fast and slow lines are still running below the zero axis. Additionally, the KDJ and RSI indicators have all shown a downward turn, indicating that bullish momentum is gradually dissipating. The overall market is likely to decline again after a rebound correction. Therefore, in the morning operations, we can adopt a high short strategy after the rebound.
Ethereum new strategy: short near 2430, target at 2350
In the cryptocurrency world, information changes rapidly, and decisions often need to be made in a very short amount of time. Once a judgment is wrong, many people choose to evade or deny the losses they face, trying to cover up their shortcomings. However, true wisdom lies in facing one's own mistakes; they understand that errors are stepping stones to growth. Only by confronting and analyzing mistakes can one learn from them and avoid repeating them. Last midnight, Bitcoin showed a strong rebound, with the price rebounding from the low point of 99547 all the way up, reaching a high of 106050 in the morning session. Ethereum also experienced a rise, with the price climbing from a low of 2190 to a high of 2382 in the morning. As the market continues to rise, Brother Sheng’s bearish view given at midnight was unfortunately exited after a small loss of 500 points.
From the current market analysis, the four-hour level shows that after a slight pullback, the market has once again presented three consecutive bullish candles, with the price climbing to the upper Bollinger Band. However, it is evident that the upper Bollinger Band is providing strong resistance, preventing the price from further breaking above. The bullish candle body has a long upper shadow, and the bullish momentum is gradually weakening alongside the resistance above. From the one-hour level, the market shows a strong unilateral upward trend, and the price has broken through the upper Bollinger Band, but the upward trend has slowed. The KDJ indicator's three lines have entered the overbought zone and show signs of turning downward, indicating that a correction is likely in the future. Therefore, in the morning operations, we will first look for a bearish move after the rebound.
Bitcoin can be shorted around 106000, targeting 103500.
Ethereum can be shorted around 2450, targeting 2350.
In the game field of contracts in the crypto world, every fluctuation of the K-line is like the drumbeat of fate. There are always those whose hearts race due to short-term volatility, eager to chase rises and sell on dips. But true experts understand that contract trading is not a 100-meter sprint, but a marathon that requires patience. On Monday evening, after a slight rebound in Bitcoin's market, it began to decline strongly, with the price dropping from a high of 102596 to a low of 99547. Ethereum continues to synchronize with Bitcoin, peaking at a high of 2316 before retracing, with the price dropping to a low of 2190. Victory Brother repeatedly provided bearish strategies in the afternoon and evening, and the market moved as expected. The Bitcoin and Ethereum short positions that were arranged in the afternoon were entered near 101924 and 2266 respectively, with exit points at around 100028 and 2195. The Bitcoin short position gained 1900 points, while the Ethereum short position gained 71 points.
According to the current market analysis, the four-hour level shows that after a slight rebound, the bears are starting to gain strength, with the price gradually approaching the lower band of the Bollinger Bands. The overall trend remains within a downward channel, and the KDJ and RSI indicators are all turning downward, indicating that the overall market sentiment is still weak. From the one-hour level, the market has shown three consecutive bearish candles breaking below the lower band of the Bollinger Bands, providing some support below. The price has recently warmed up, but the KDJ indicator has formed a dead cross pattern without giving clear signals for a trend reversal. The MACD indicator has also entered the negative zone, and although the RSI indicator has shown signs of turning upward, it is not enough to change the overall downward trend. Therefore, our operation at midnight will be based on the idea of high shorts after a rebound.
Bitcoin can be shorted near 102500 with a target of 100000.
Ethereum can be shorted near 2300 with a target of 2180#BTC☀ .
The market will not dance precisely to anyone's expectations; the nurturing of trends requires time to settle. One must patiently wait for the right entry opportunities to avoid traps. When holding positions, enduring the test of volatility is essential to reap substantial rewards when the actual trend arrives. On Monday afternoon, Bitcoin's price faced pressure after rebounding to around the 102,155 high, and subsequently began a corrective decline, dropping back to around the 101,084 low. Ethereum's movements synchronized with Bitcoin, with prices dipping from around the 2,277 high to around the 2,242 low. Meanwhile, Brother Sheng's afternoon positioning of short positions in Bitcoin and Ethereum is currently yielding profits.
Based on the current market view, the four-hour timeframe indicates that after experiencing three consecutive bullish candles, the momentum has stalled, with strong resistance at the middle Bollinger Band. The price has now entered a pullback phase, with the KDJ and RSI indicators all signaling a downward turn. This suggests that the recent rebound has not changed the overall market trend, which remains under the control of the bears. From the one-hour perspective, the market shows a five consecutive bearish candle decline, with the KDJ indicator forming a high-level dead cross and extending downward. The bearish momentum is gradually being released at this level, so we will continue to maintain the bearish outlook from the afternoon in tonight's operations.
Short positions can be taken on Bitcoin around 101,500 - 102,000 with a target of 100,000.
Short positions can be taken on Ethereum around 2,260 - 2,280 with a target of 2150,427,516,023,344.