Wave King Xiao Zhan: The key short-term support breaking will lead to a waterfall-style washout.

CN
2 days ago

More? Short? Neither, just follow the trend you identify!

Set patterns, set points, set plans, a trinity!

In cryptocurrency investment, there are fundamentally two things: human nature and value, and the connection between the two is belief. Once you understand human nature, you will understand why the market experiences significant rises and falls; once you understand value, you will understand why prices fluctuate. With both understood, you will grasp why everyone has their beliefs.

Set Patterns:

I also have faith in the bull market. Currently, the weekly pattern of B is facing resistance at 123300 and has pulled back, coupled with some large sell-offs, while institutions and the government are increasing their holdings, leading to a chaotic market phase, which is a normal phenomenon. Regardless of bull or bear markets, I believe this is a long-term trend that will not change in a few weeks; it represents something quite macro. The violent declines in bull markets and the significant rebounds in bear markets both exist. The weekly level of B still maintains the previous viewpoint of focusing on pullbacks and adjustments. The daily level did not continue the bullish trend from the previous day but instead closed with a bearish candle. The large bullish rebound from the day before has raised suspicions of a trap for buyers. Although the 4-hour level is still in a range-bound fluctuation, the end of this fluctuation is approaching, and a change in trend is getting closer. E has tested around 3500 and received support for a rebound; in the short term, continue to pay attention to the gains and losses around 3500. The daily level shows signs of weakening bullish momentum; if 3500 is lost, the next step for the market will be to test around 3350, and if it continues to extend, it will approach around 3200. The short-term strategy remains to follow the previous rebound and focus on shorting.

Set Points:

In the short term, B can be shorted below 120000, and E can be shorted below 3750.

Set Plans:

B: Short between 118800-119500, watch the gains and losses at 116000, if broken, look at 113000 for gains and losses.

E: Short between 3650-3700, watch the gains and losses at 3500, if broken, look at 3380-3350 for gains and losses.

What can relieve worries? Only getting rich! In an avalanche, no snowflake is innocent. Do not lose yourself in madness; protect your bullets, ensure you don’t leave the table, and have chips ready for a counterattack.

If you like it, please like and share. Wishing everyone more success! May you navigate the cryptocurrency world with a bright future!!!

V Blog-------------Wave King Xiao Zhan

2025/7/24

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