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Buying the dip gets you liquidated, chasing shorts fears a deep V. If you want to short Bitcoin and make money, look here!

CN
crypto钟良
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1 month ago
AI summarizes in 5 seconds.

The weekend was also restless, showcasing a terrifying drop, once again recorded in history, with continuous bottom fishing being exposed. No worries, after all, the leeks can never be cut off, with one batch after another, growing more vigorous with each cut! The levels given to everyone at 94000 and 98000, as well as the Ethereum 3400 short position, looking at 75000 and 2500, have already been perfectly completed! Last week and the week before, repeatedly shorting around 90000 and 3000 in the short term also resulted in substantial profits. In this market, as long as you don't go long, it's all profit! Last night, working overtime on the weekend, I placed a short order at 78000, wasn't that an easy addition to the meal? Alright, the review is complete, let's start sharing today's market!

Bitcoin's monthly chart shows four consecutive bearish candles, with the upper and middle bands opening downwards. The MACD bears are continuously increasing, and both KDJ and RSI are turning downwards. The weekly K has closed bearish for two consecutive weeks, with all three bands opening downwards. It is important to note that although the lower band is opening downwards, the space below is not very large, so do not blindly chase shorts aggressively! The MACD bearish energy is increasing, and the RSI is oversold at a low level. The daily K has dropped sharply, with the price directly breaking through the lower band, currently oscillating around the lower band for correction, and has not yet stood above the lower band. The MACD continues to show increasing bearish volume, KDJ is turning downwards, and after the RSI is oversold at a low level, it is turning upwards. Look bearish and short, but do not chase shorts too aggressively! On the 4-hour level, the price is above the upper and lower bands, with MACD bearish energy continuously decreasing, and the RSI turning upwards after being oversold at a low level, indicating a need for upward correction. The operation should focus on high shorts!

For resistance above, pay attention to 78000, 79000, and the round number 80000. High shorts should be arranged around these levels, targeting down to 77000, 76000, and 75000.

For Ethereum, the resistance above is at 2350, 2400, and 2450. Consider laying in high shorts around these levels, targeting down to 2300, 2250, and 2150.

Every trader is a student of the market, and the market is a strict teacher, giving us lessons every day. The teacher will present many problems, some easy and some difficult. As students, we need to have great patience and choose those problems that are easy, simple, or even obvious to solve. We must learn to give up, to abandon those complex and difficult topics, because we aim to gain a lot with a little, to earn a considerable amount with minimal losses. Respect and reverence for the market is a humble attitude and the correct way to invest.

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Selected Articles by crypto钟良

6 hours ago
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1 month ago
Bitcoin is fluctuating sideways, and it's time to make a move again. The strategy for high shorts remains unchanged for next week!
1 month ago
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