Bitcoin and Ethereum short positions have taken profit again. Subsequent trend analysis and operational suggestions!

CN
允彦
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1 year ago

Trading Philosophy: Look for trends in the long term, find entry points in the short term;

Technical Analysis: In terms of Bitcoin, the daily chart has been declining with consecutive bearish candles down to the lower Bollinger Band, which continues to open downward. The MACD moving average is also trending downward, with bearish volume starting to reappear. The KDJ line is moving downward. On the 4-hour chart, the Bollinger Band continues to open downward, with the market consistently declining and rebounding weakly. The MACD moving average continues to trend downward, and bearish volume continues to increase, while the KDJ line is moving downward again;

In terms of Ethereum, the daily chart has also been declining with consecutive bearish candles down to the lower Bollinger Band, which continues to open downward. The MACD moving average is trending downward, with bearish volume starting to appear, and the KDJ line continues to move downward. On the 4-hour chart, the Bollinger Band continues to open downward, the MACD moving average is moving downward, bearish volume continues to increase, and the KDJ line is gently moving downward;

In summary, the overall market is currently in a continuous decline, with Bitcoin reaching a low of 91800 and Ethereum around 3200. After taking profits on short positions last night, the rebound strategy continues to short, with both Bitcoin and Ethereum accurately hitting the target levels of 92000 and 3200 respectively, securing profits steadily. After aggressive reduction of positions, the focus remains on looking for breakdown targets. Future operations are still recommended to primarily short on rebounds!

The strategy is time-sensitive, please refer to private real-time guidance for specifics!

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