After six days of decline, there is finally some rebound. Bitcoin has seven consecutive daily red candles, and the price has returned above the lower trend line. The MACD bearish volume has decreased, and after being oversold at low levels, the KDJ and RSI show signs of turning around. The price rebounded from a low of 59000 to around 62000, a 3000-point rebound. As long as one does not blindly chase shorts, it should be fine and not suffer losses. However, those who have been bottom-fishing along the way have been liquidated, but they do not deserve sympathy because every day, every minute, and every second there are scenes of liquidation, which has become routine. Retail investors are always one wave after another, and the liquidations never end, absolutely never end!

Rebounds do not mean reversals; this needs to be clear. If the market does not rebound, where is the opportunity for high shorts? At the four-hour level, the lower Bollinger band is opening upwards, and both KDJ and RSI are turning up. The MACD bullish volume is continuously increasing, and the current price is being pressed by the middle trend line. At the hourly level, the price is pressing against the upper trend line to move higher, and the indicators show a need for a rebound correction. The price is also continuously rising, and what needs to be done next is to set up ambushes in the suppression area and enter high shorts.

For Bitcoin, the upper resistance to pay attention to is around 64000 and 66000. Engage in high shorts around this area. The lower support levels to focus on are 63000, 62000, and 60000.

For Ethereum, the upper resistance to pay attention to is around 1650 and 1740. Engage in high shorts around this area. The lower support levels to focus on are 1600, 1550, and 1500.

Flowers die from overwatering, fish die from overeating, and people die from anger! In life, everyone has their own temper to varying degrees. Whenever encountering unpleasant situations, an unnamed anger quickly occupies the mind, and losing control in anger happens easily. But no matter what causes the anger, in the end, it is oneself who gets hurt. Life inherently comes with many troubles; adjusting one’s mindset and learning to enjoy the moment is what is most important. Being angry because of market conditions only ends up hurting the account, which can only be treated with gentleness. Any violence and stubbornness will eventually be reflected back, which is the respect that the market commands.

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