Mu Feng looks at the trend: The short-selling strategy for the weekend rebound on 2/10 has been validated again. How does the market outlook look for the new week?

CN
1 year ago

The short-selling strategy for the Bitcoin/Ethereum rebound laid out in advance over the weekend: enter short positions for Bitcoin around the 97000 level. This morning, the price of Bitcoin dropped to around 95000, successfully reaching the target for profit-taking, with a maximum profit space of over 2000 points. For Ethereum, the short position was set around 2670, with a target looking at the 2570 level, which exceeded expectations, achieving a maximum profit space of over 100 points. Congratulations to those who followed the short strategy; overall, the profit space should be quite good.

Returning to the current market situation, today’s overall trend is mainly a sideways contraction rebound. From a technical perspective, the daily MACD and KDJ are in a contraction adjustment phase today. The BOLL indicator continues to oscillate with the lower track still opening. Based on the current contraction sentiment, as long as the short-term rebound cannot surpass the five-day moving average, there will still be a continuation of the downward trend with increased volume. On the 12-hour level, the current KDJ, MACD, and BOLL are continuously resonating downward. Although the technical indicators are weak today, the ultra-short term is indeed in a phase of slight oscillation and rebound, which undoubtedly indicates some inducement for bullish behavior (the so-called divergence signal). Personally, I expect the short-term market to mainly oscillate within a range. However, the short-term rebound today is likely to build momentum for the subsequent decline. The operational suggestion for the future market is to continue shorting on rallies. Specific points of reference are as follows:

BTC: Short at 98000-98500, target 95500

ETH: Short around 2660-2690, target 2560

The above is my personal analysis of today’s market, for reference only. For more real-time strategies and free guidance, click on the profile picture to follow the homepage introduction. Welcome to exchange and learn together!

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