Good evening everyone, I am Xin Ya. The short position taken yesterday was very comfortable, starting from the 6th and never wavering. That night I harvested a profit, and the levels indicated received market validation in the morning. Is 80500 the spike point this morning? Let's look at it with candlesticks. Also, for Ethereum's 2520, it's the main layout point.


A brief review
On the night of 9.6, Bitcoin dropped from around 79800, testing the one-hour ema144 line at 79200. After that, it rebounded back to 79800 and after a slight consolidation, tested 80500 upwards but faced resistance and dropped, hitting a low at the one-hour ma200 around 78900. Throughout this process, 79200 served as both a rebound and resistance point, which we need to mark. The intraday volatility basically oscillated around the center of 79200. The current position is quite awkward, between the one-hour ema120 and 144.
Ethereum on the night of 9.6 had a low spike at 2457, closing at 2480, with an upward tug of war during the consolidation, reaching a high of 2536 during the day. Pay attention to the details; in the morning's upward tug of war, Ethereum faced resistance at 2520 and formed consecutive bearish candles. The sharp pull at ten o'clock was likely to liquidate the scattered positions. After a pullback, the small rebound at 2520 couldn’t hold, indicating that the bulls are showing signs of fatigue and bears will dominate the market.

Regarding the future market, the daytime has repeatedly tested the moving averages without standing above them. The evening session may continue to decline, possibly directly testing below the four-hour range. One possibility from last night is that the 15-minute drop is followed by a 15-minute consolidation; since the previous two trades were validated, the next one may follow a one-hour decline. This may test the ma200 around 77200.
Focus on the range of 78800-78400 below, as there is a possibility of structural deformation. No need to think too much; those stubborn bulls will definitely try to catch longs there, which may lead to a rebound. But we are predominantly short, so we shouldn’t interfere.

Key levels to pay attention to, adjusted slightly from yesterday:
Above Bitcoin: 79800, 80800, 81500
Below: 78800, 77200, 75400
Above Ethereum: 2520, 2548, 2595
Below: 2472, 2445, 2405, 2368

My inclination remains unchanged, I will handle it with shorts.
The current average price is expected to be around 80000 and 2520; first, look at the test situation below. If it breaks down, take it; if it rebounds, add positions. The stop-loss for adding positions is to be planned by yourself.
You can refer to 80850 for adding or stopping loss at 2545; conservatively, after entering here, adjust the sequence for losses.

As for gold, the one-hour and four-hour ema120 and 144 are around 4440, and the daily ma144 is near ema120 around 4370. They are quite close to each other. To be candid, there may be repeated tests in the near future. I am betting on shorts. For short-term, you can look at the five-minute chart and handle it freely.
Currently, everyone's average price is 4420. Hold on to this for now. You can take a look at the night session and see what happens on Tuesday.
You can also add at 4445, stop at 4470, and take a one-way short position. That's it.
Conservatively you can enter at 4440, with 4480 and 4520 for adding shorts.
Trading comes from the heart, feelings come first, and the environment changes with your heart. Everything is possible. The market doesn’t always move according to your preferences, but you can extract certainty based on your preferences, choosing what you want among countless possibilities and obtaining it in the desired way, bringing immense pleasure.
The longer you walk and the more you see, the more possibilities you can see. The market's emotions, including the contradictions, are all presented during the running process. The more you experience, the more confident you will be in your choices. When should trading still concern others' views?
Hesitation limits profits and growth for investors, and for traders in the industry, it cements their upper limits, preventing them from breaking through infinite possibilities. They will never achieve anything in their lifetime.
Follow along and pay attention to the public account: Xin Ya Talks about Chans.

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