Good evening everyone, I am Xin Ya. Recently, the market's volatility should have washed out the vast majority of people. This round of Bitcoin dropped from around 97,900 to a low of around 87,800, losing over 10,000 points in a week. Ethereum fell from around 3,400 to around 2,900, losing 500 points. This is enough to sweep out the main institutional players. Those who bought at ten times the high will explode, not to mention those who placed orders at the intermediate level to enter the market; those who weren't washed out are all stuck.

Let's take a brief look at these market movements. Bitcoin broke below the four-hour EMA30 at around 94,800 in the early hours of the 19th, losing 3,000 points with two bearish candles. It rebounded slightly at the four-hour EMA144, returning to around 93,500 where it faced pressure again, breaking below the EMA120 and EMA144, and after around 92,500, it dropped a further 5,000 points. It can be seen that the highest point of this round of market was blocked at the daily EMA97,500, and the subsequent two sell-off points were at the four-hour EMA30 and EMA144, with the larger cycle being more significant. The first sell-off point, the four-hour EMA30 at around 94,800, is also near the one-hour EMA120 and EMA144. Here, Xin Ya wants to emphasize two points: first, the impact of multi-level alignment on the future market is very important; second, the larger the cycle, the more attention is needed, otherwise, it is easy to be washed out when encountering a one-sided market.

During this process, Ethereum's rhythm completely coordinated with Bitcoin, but it was more pronounced at key points. In fact, the market has already washed out those who set stop-losses at round numbers. The current consolidation is a game between those who entered long after a spike rebound and those who entered short during the rebound process. We should also pay attention to the plans of long-term layout bears, as well as the trapped orders at round numbers. The exit of profit-taking will form a force with those trying to pick up the pieces, aiding the rebound. The expected exit points need to be considered, and there is a higher probability that these points are above the current price. It is already evident that the cost of hard selling at low levels is too high.

Therefore, the most reasonable approach is to be part of the "pick-up team" or to trade for short-term swings. As long as it does not break the previous spike, the focus should be on going long. From the perspective of energy inertia, the range is quite straightforward. The long positions of the main players entering at the intermediate level also need an opportunity to break even. If you haven't entered the market, wait; either look for opportunities to exit with yesterday's break-even or pay attention to the market's reaction after they exit. The sell-off points, the diving points after the rebound, the lowest spike points, and the rebound points, as well as the second pressure points and support points during the process, should all be comprehensively considered in market behavior analysis.

Currently, pay attention to 87,500 and 86,500 below, and 90,000 and 91,200 above. For Ethereum, watch 2,880, 2,972, and 3,008. The downward momentum is not as strong as the market claims. Short-term handling is free. Both high selling and low buying are acceptable. Prioritize being part of the "pick-up team."

Walk with giants, WeChat public account: Xin Ya Talks About Chan.

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