Good evening everyone, I am Jiang Xin. Recently, the rhythm of short positions has been very strong. Yesterday, the news caused the market to move very quickly, without a prior rebound, and closed the door on the bulls. The liquidation of Bitcoin and Ethereum amounted to over a hundred million dollars, which for those of us who are bearish and shorting, is merely a blessing. For us, it is just a matter of taking a smaller portion. After the first wave of selling at two o'clock, Jiang Xin opened his eyes wide in anger, seeing through the market, and gave the high points of Bitcoin at 111500 and Ethereum at 3950. These two positions were validated by the market, thus opening the curtain for a six consecutive harvest within the day. Today, you should not have seen anyone handle it better than I did.

Hmph. This is just the good state after Jiang Xin's market sense returns. My confidence has brought me results; it's still the same saying, one can lose but not lose power. The last time I said this, it was right before and after accurately timing a market movement. There’s not much to review for the day; the market's large range of liquidation is merely the most reasonable and healthy way to clear after the news. Some people are startled and confused, not understanding if it's their first day in the market or what.

Let’s take a quick look at the intraday trend. We can see that the sell-off of Bitcoin at two o'clock started at 111500. This position is the tug-of-war point in the morning, the point of bearish pressure at noon, and also the pressure point that faced a rebound test at four o'clock in the afternoon. The pressure remains unchanged, the rebound process is weak, and the lows are constantly being refreshed. Looking at the liquidation information, it is very clear that the trend is crushing the bulls, liquidating positions that entered earlier, as well as long orders.

In the morning, Jiang Xin had already warned about this position! The process of pressure on Ethereum is different from Bitcoin; the range of tug-of-war is still larger, with the pressure point at the turning point of 3950. During the day, it was tugging around 3950, and at 3850, it received buying support several times. However, at eight o'clock in the evening, when it broke through here, the rebound failed to reach this area and instead increased the pressure down to around 3750. The market seems unwilling to give the bulls a chance to exit, keeping them locked in. At this time, looking back at what Jiang Xin said at four o'clock in the morning, some bulls are uncomfortable, and only then do they understand that Jiang's words are not empty and are well-intentioned.

Everyone should pay close attention to Bitcoin's 111500, 108800, and below that, 107500, 106500, and 105200. For Ethereum, focus on the second rebound point around 3820, 3880, and 3950, and below that, pay attention to 3750, 3720, and the cyclical turning point at 3650. It is recommended to primarily focus on short positions. Enter positions proportionally around the range for swing trading. Currently, not looking at actual operations is no different from making predictions and divinations. However, adjusting positions and leverage in these ranges is good in the short term. There are two possible structures for the future market: one is to dip to 105200 and then rebound to move in a range, and the other could be to move towards 110000 for a period of repair.

Let’s take a conservative approach: short at 108800, stop loss at 110000, and for long positions, only consider a gamble at 105800 with a stop loss at 105000, conservatively at 103800 with a stop loss at 103200. For Ethereum, short at 3850, add at 3900, stop loss at 3925, and for rebounds, enter at 3720 with a stop loss at 3680.

Focus on these positions. The pattern is already very clear; there is a high probability that the market will go to 105200 and contend around that direction in the medium term. Let’s observe as we go. During this time, I went to Leshan to seek sincerity and blessings, and it has been fulfilled. I need to go back to repay and seek new blessings. Many accounts have not responded to risk control status; I hope you will find my new account in a few days. I will go out again and pray for everyone.

To walk with Jiang, you can add the public account: Jiang Xin Lun Chan.

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