This rhythm is just too smooth! Hitting the right nodes for switching between long and short positions feels incredibly satisfying.

On Monday, Bitcoin experienced a massive drop. It retraced to 30,000, and the short position took off again. Last week's long position, if you missed it, you should definitely seize this short opportunity, right?

Yesterday

At noon and in the evening, I mentioned twice that we should look for short positions. This reversal signal should help many friends who were looking to go long.

Since this drop has occurred, we need to watch the intraday mid-level at 92,300 to see if it can hold. If the daily close is below the mid-level, it indicates further declines. Conversely, if it holds, we can expect a rebound. So now that we are at the support point, I suggest looking for a rebound.

A pullback to 92,300-91,800 is a buying opportunity, targeting around 94,500. The levels are for reference only.

Follow the public account, "How to Relieve Worries, Only Jiang Wei," a treasure analysis blogger with high emotional value, sharing trading education for free, bringing stability and clear guidance in the restless trading market, navigating through three cycles of bull and bear markets and years of trading experience, specializing in naked K, trends, Dow Theory, Gann, harmonics, Chan Theory, wave theory, and other technical analyses, culminating in unique personal insights.

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