Does today count as a market crash? In the past 24 hours, long positions have been blown up by over 1.09 billion dollars, with more than 196,000 people liquidated. Is it time to bottom-fish or to liquidate? Ethereum repeatedly encourages everyone to short, around the 2000 level, eyeing a drop to 1880, with a low of 1888 marking the end of the decline. Is that considered very accurate? Should there be a response here?
The hourly chart for Bitcoin shows a stop-loss signal. Although the last candlestick formed a small bullish hammer, both the KDJ and RSI indicators have started to turn upward from oversold levels. The market will not keep falling endlessly; where is the opportunity to enter a short from above? After being stopped out multiple times, are traders unable to resist going for a rebound? Zhong Liang says every day that betting on a rebound for long positions is not advisable, like trying to catch a flying knife with bare hands—it's easy to get hurt! If long positions keep getting stopped out, then why rush to reclaim losses? Some rebounds are meant to observe and wait for high short entries, and there’s no obligation to participate! If you’ve made a fortune shorting all the way down, then there’s even less need to take risks on long positions—wouldn’t it be nicer to continue shorting and win? Must one take risks with another potential loss?
On the 4-hour chart, the stop-loss signal isn't very clear, thus the risk of betting on a rebound remains high. Chasing shorts? After so much decline, the meat from the fish head and back has long been eaten by the bears, leaving only the tail, bones, and leftovers. Why rush to take a bite? Opportunities are cultivated over time, and profits have never been won through reckless betting. It's hard to advise the damned who refuse to listen; I hope everyone remains calm, calm, and calm again!
Continuing to hold shorts into midnight, Bitcoin has already broken below the rising trend line. If it stops falling and bounces back up, just wait in the upper resistance zone for good news. The upper resistance focuses on 69000 and 70500 here, with shorts positioned around here, while the lower support focuses on 68000, 67000, and 66000 here.
Ethereum finally woke up today after much calling, starting to decline as well. The short at 2000 was called for over ten days, and everyone finally got their share. Continuing with the short mindset into midnight, the upper resistance focuses on 1960 and 2000 here, with shorts positioned around here, while the lower support focuses on 1920, 1880, and 1840 levels.
Every day, I sincerely share a lot of advice, but how many actually take it to heart? Everyone is not a mogul, not in an infinite bullet mode, not just for fun; they are all dealing with real money—let’s tread carefully!
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