8.3 Bitcoin short trend is gradually emerging, and any rebound is illusory; it will all be an opportunity to short.

CN
3 hours ago

Investing is like playing chess; you need to look three steps ahead. I believe everyone has been quite satisfied with the recent downward trend, right? Because Jiang Wei has been bearish from above 120,000 down to around 112,000. If you don't believe it, you can verify it; there are traces all over the internet.

Without further ado, let's analyze how the current trend will unfold. First, we can look at the larger time frame, such as the weekly K-line. The price has been continuously testing the upper track but has failed to break through to reach new highs. Therefore, a prolonged failure to break through will inevitably lead to a pullback, which is a normal logic. Now, let's discuss the smaller time frame.

On the short-term four-hour K-line, after breaking the new high and then retreating, it has remained in the first box range of 120,000-116,000, oscillating. As time goes by, the price begins to shift space, breaking support and entering the second box range, which is 112,000-116,000. Please refer to the technical image below. Currently, 112,000 will be the dividing line for bulls and bears in the future market, so pay close attention to it.

In summary, you can maintain a strategy of high selling and low buying to face the current trend. During the day, you might consider gradually looking bearish in the range of 115,000-115,400, with a temporary target around 112,300. The points are for reference only; please refer to the actual market for specifics.

Follow Jiang Wei's trading system to say goodbye to blind operations. The only way to relieve worries is through Jiang Wei.

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