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Crypto Zhongliang: After a sharp decline, for intraday profit-taking, we still need to short Bitcoin!

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

Midnight once again staged a deep drop, with Bitcoin hitting a low of 72889 before stopping the decline. I mentioned earlier that 74555 is definitely not the bottom. How are those who tried to catch the bottom doing? Bitcoin at midnight allowed for high short positions, but I couldn't get in. However, Ethereum's short position at 2350 must have been profitable after waking up. All along this journey, anyone who followed Zhong Liang's strategy to short has been enjoying it! Previously, I emphasized shorting at 94000 and 98000, repeatedly stressing to take profits at 75000. Last week and the week before, we kept shorting around the 90000 and 3000 levels. Yesterday, Tuesday, we shorted at 788000, and the day before, Monday, we shorted at 78500 and 2380. With a record of consistent victories, I suddenly feel a sense of solitude in seeking defeat; being invincible is so lonely! Zhong Liang is quite cautious; I've already pressed too many buttons because I can't play the guessing game of bottoms. Zhong Liang values win rates and doesn't have that many bullets to keep guessing tops…

The current price of Bitcoin is around 76700. The daily K line has been under pressure at the 79300 level for three consecutive days, testing and forming upper shadows. Currently, the Bollinger Bands are opening downwards, but the lower band has limited space, needing to rebound for correction. The rebound is for a better drop; otherwise, where is the profit space for high shorts? The MACD bearish energy is still increasing, while KDJ and RSI are oversold, indicating a potential upward turn at the bottom. On the 4-hour level, the Bollinger Bands are narrowing and flattening, with the price currently above the lower band. Recently, it has been under pressure from the middle band. The MACD bullish volume has not yet exhausted, and KDJ and RSI are turning upward after being oversold. From the indicators, there is a demand for a rebound correction, so during the day, do not be too aggressive in chasing shorts; instead, patiently wait for the rebound to be pressured before going for high shorts! On the hourly chart, the price is currently testing the pressure from the middle band, with the upper band opening downwards. The MACD bullish volume is increasing, and KDJ and RSI are turning upward, indicating a clear demand for a rebound, which also provides an opportunity to enter high shorts!

For upper resistance, pay attention to 77600, 78500, and 79500 levels. High shorts should be positioned around these areas, targeting lower levels of 76000, 75000, and 74000.

The current price of Ethereum is around 2280. Similar to Bitcoin during the day, the focus is on high shorts. For upper resistance, pay attention to 2320, 2370, and 2450 levels. High shorts should be ambushed around these positions, targeting lower levels of 2220, 2150, and 2100.

There is no illusion or exaggeration of profits here; every moment of following is a live broadcast. The current price order is the best evidence of strength. We don't deal in empty talk; making money is the way to go. It's hard to buy foresight, and it's even harder to buy regret. Let the observers continue to observe, let the worried continue to worry, let the fearful continue to fear, let the losses continue to be swept away, and let the profits continue to be made. Every current situation is a test, and every market follows natural laws. There are no unprofitable investments, only unprofitable operations. Following the right teacher is incredibly important!

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Selected Articles by crypto钟良

8 hours ago
Crypto Zhongliang: 3.24 BTC/ETH Market Viewpoint
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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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