Good morning, everyone, on this new week. I have indeed not updated regularly for a long time after having gone around in circles. The market remains the same, whether it goes up or down, there will always be many people getting liquidated every day. Early in the morning, there was a wave of price fluctuations, first dropping from around 66700 to the 64900 level, followed by a rapid rise back up to the 67000 level. It is said that this wave has liquidated the commander of the bulls. I envy that they can act recklessly in infinite bullet mode. Last Friday, I offered everyone short options at Bitcoin 66600 and Ethereum 2010. If those were set with gradual profit-taking, I believe there would be profits to be made. Here, Zhongliang is more about providing a perspective on the market, a direction for everyone to reference. For specific operations, it still depends on you. As the old saying goes, risk management is key!

Bitcoin has closed two consecutive weeks in red on the weekly chart. Unfortunately, the strong support at 65000 has not been broken, so the price cannot drop, and the downside has not opened up. On the daily chart, there have been four consecutive large bearish candles, breaking through the middle-band support and frequently testing the lower-band support. The lower band of the Bollinger Bands is opening downward, brewing space. In the short term, on the 4-hour chart, after breaking the lower-band support with a long lower shadow, it quickly recovered. The subsequent large bullish candle pulled the price up directly. Indicators show that both KDJ and RSI are turning upward, and MACD is expanding bullish volume. On the hourly chart, the price is currently testing the upper-band resistance. KDJ and RSI are turning upward, and MACD is expanding bullish volume.

In the morning, the rapid rally was impacted by external factors, which has created a strong rebound demand for indicators. However, the trend remains bearish, and the price has not shown a significant rise, bouncing from 64900 to around 67500 with a 2600 point increase. For intraday operations, it is not advisable to chase the rise, as the sudden increase has led to lagging indicators catching up. At this time, chasing the rise can easily lead to hitting the ceiling. The intraday strategy should focus on short selling, watching for resistance levels at 67500, 68500, and the 70000 mark. For short selling, these are the key levels to focus on, participating around these positions for ambushes. The support below to watch is at 66000 and 65000. Only by breaking below 65000 can the market open up and welcome a new wave of decline. Breaking below 65000 can target downward support levels at 64000 and 62000.

For Ethereum, the resistance above to focus on is at 2040, 2080, and 2120. Participate around these levels for short selling. The lower support to watch is at the 2000 mark, followed by 1950 and 1900 levels.

There are no 100% correct trades, but we must execute 100% of the principles. If we make a mistake, we strictly cut losses; if we are right, we can either break even or move the stop-loss to expand profits greedily. This is the risk-reward ratio! Say goodbye to luck, indecision, hesitating and waiting for the perfect trade, winning small amounts and stubbornly holding large losses. Everyone knows these are phenomena commonly found in human nature, generally difficult to change. Hence, it is destined that only a small portion of people who can execute strict principles can make money. I hope to provide some inspiration to friends who are still confused and unsure how to profit, and I also hope to progress together with you all.

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