BTC experienced a huge shake-up overnight, with over 170,000 people being liquidated. A friend made millions by shorting in 2021, but got liquidated in this recent rally. They want to sell their car and house to short again, while another friend wants to go all in. The battle between long and short positions is intensifying. Yesterday, "Lao Lang" also shorted in the group chat, but quickly realized the situation was unfavorable and called for a stop-loss at a low point to avoid the major volatility.

Some friends may wonder why "Lao Lang" doesn't go long in such a good market. He does want to, but the system and data don't signal a long position, so he has to wait.

The longer he trades, the more he resembles a robot, relying more on data than subjective judgment. Even last night, "Lao Lang" calculated the time it took to type and send the necessary data and messages to the group chat, which took a total of 37 seconds.

There are many people who can earn more than "Lao Lang," and many who provide valuable insights. However, being able to identify trading opportunities and share them with friends in a timely manner, "Lao Lang" considers himself very fast in this regard.

Having previously worked in flash news-related businesses, even the editors are amazed at "Lao Lang's" translation speed. AI is now popular, and in the future, humans will be unable to surpass robots in translation. However, in trading, robots will find it difficult to surpass humans, as they cannot avoid "noise" and can only calculate historical data, unable to account for human nature.

In the past few days, the US authorities have been transferring seized BTC, and the Ethereum Foundation has been selling as well. But will BTC directly plummet? Not necessarily. Bears are not dead, and bulls are not stopping. Large funds are still targeting bears. When the major bears collectively surrender, it will mark the peak.

As for us, we should just go with the flow and wait for the right time to make a move, without chasing highs or shorting against the trend. The volatility is too high and difficult to withstand. In the current situation, quick in-and-out trading is the way to go.

BTC:

There have been multiple significant whale address movements, which have suppressed BTC. BTC continues to pressure shorts along the 5-day moving average. A volume spike at $63,287 confirms selling pressure at the top. Only a rapid surge and breakthrough of the $63,287 selling barrier can further pressure shorts to rise. Next, BTC needs to retest support at the $63,287 level.

Resistance levels: $63,287, $64,156, $64,988

Support levels: $61,272, $59,153, $58,346

ETH:

Vitalik Buterin has started selling, which has a bearish impact on ETH. ETH is pressuring shorts along the 5-day moving average. The hourly low points continue to rise, indicating increased support from bulls. Facing the top formed overnight, only by stabilizing at $3,505 can ETH further establish a bottom and strengthen. Next, ETH will rise to $3,505 and then fall back.

Resistance levels: $3,505, $3,613, $3,722

Support levels: $3,392, $3,285, $3,147

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