Can't go back, it's not just time, but also the gradually distant high point, and the self who missed the rebound. Never act based on how you want the market to move, but rather on how the market moves and how you will respond. There's no need for speculation or fantasy here. Whoever breaks the rules will be punished!

We went long near 27,000 at noon, and after reaching 27,300 and seeing resistance, we took profit directly and then went short. As the market price broke lower once again, it has currently reached a low of 26,700, with a profit of 600 points on the short side. With four consecutive bearish trading days, we will continue to focus on the support level at 27,600 after reaching 26,700.

The breach of the support level of the previous low indicates the end of the short-term range-bound volatility, meaning the correction is over and a new decline is beginning, with a potential for a one-sided continuation. After experiencing a sharp decline in the previous five trading days, it is difficult for the subsequent market to replicate the sharp decline, and it is more likely to present a pattern of oscillating decline, a staggered decline. At this point, we should not be aggressive in our layout, but pay attention to each rebound after the break, mainly focusing on following up on the rebound.

Bitcoin strategy: Short at 27,200-27,000, with a target of 26,600; Ethereum strategy can be synchronized.

Determine the intraday range after a certain space is appropriately established, in a volatile market, the level comes first, and the trend comes later. The key lies in grasping the range and the accuracy of entry points. Specific operation points are subject to real-time market conditions.

For those who are uncertain in short-term trading, unable to grasp the situation, and having difficulty with operations, feel free to chat with Lao Bai, who is available for guidance 24 hours a day!

Weibo: Coin Circle Lao Bai

WeChat Official Account: Lao Bai Talks Coins

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