Good afternoon everyone, I am Xinya, and I must be honest that I did not handle the evening session well yesterday; the rebound intensity exceeded expectations. However, the gold trading went well, having completed three trades.

Over the weekend and into Monday, I had an uneasy feeling, which is why I did not express my inclination during the evening session and let the market move freely with high sells and low buys. The market moved up to sell off, and the thing I most wanted to avoid still happened, while the Bitcoin around 79500 and the Ethereum's highest spike at 2620 were both positions I provided on the evening of the 13th... My choices might have been wrong, but the focus points I provided are indeed indisputable.

I have warned multiple times, on the 13th around four in the afternoon across two time frames, I emphasized that the rebound liquidation process was uncontrollable, and in fact, the extent was far beyond expectations. Those who intervened too early in this rebound suffered, and before getting hurt, I made three trades.
At four in the morning, Ethereum spiked over 70 million dollars in positions; how many times can we see such a market in a quarter? After the liquidation, just like on 9.11, it rose the same way it fell. It is purely the main force intentionally controlling the market and sweeping the leverage.

Recently, I had a winning streak, but it was defeated by suppressing this rebound. Fortunately, the crypto market was down during the day, and gold recovered a bit. Since the market has been liquidated like this, everyone who should be liquidated has been, and we will see short-term consolidation and digestion, with a mid-term direction moving downwards.

The approach to gold was to give a downward channel at three in the afternoon on September 14, with gold rebounding at around the lower edge of 4260, and the highest rebound point was the 4320 entry range I issued at seven in the evening; these can be verified. During the day session, we again intervened in a short position and made a profit.

Let’s briefly recap. At nine in the evening on the 14th, Bitcoin continuously increased its buy orders at 77500 for fifteen minutes and formed a triangle at 78500; the market moved up to sell off, peaking at 79569, and then the market arranged consecutive declines, with the lowest drop in the afternoon hitting 76500. It is worth noting that around one in the afternoon, there was buying at around 77500 attempting to catch a rebound, but it was crushed by sell orders. This position needs to be marked prominently.

For Ethereum, at nine in the evening on the 14th, it first spiked from 2520 down to 2485, closed with a doji stick, and then formed a series of seven consecutive ups for an hour, spiking to 2615. Looking at the fifteen-minute chart, it is clear that there were obstacles at 2520-2550. After the increased buying volume at four in the morning, Ethereum declined rhythmically, returning to 2468, and only then did the MACD histogram start to converge, with long and short positions trending toward a balance. It is not difficult to infer that the market is intentionally pulling up to point-break and liquidate whales. The interest rate hike signal is somewhat bearish; there are too many people shorting, and technical adjustments are sweeping the leverage.

I have made slight adjustments to the channel; whether for Bitcoin or Ethereum, the four-hour structure is particularly unappealing. From September 4th to September 11th, it underwent a four-hour decline, and the spike destroyed the possibility of expansion. Due to the downward channel pressure, if it does not directly decline in the future, the closest possibility is to form a converging structure and create a new central point over time. This segment is hard to find.

The structure for Ethereum is clearer; within the four-hour downward run, the internal one-hour structure is too urgent and likely to break. If it does not directly decline, another possibility is to converge around 2520-2538 and create a new one-hour central point. After this segment of consolidation and digestion, there will be a greater chance of upward attack, which is the expected way for bulls. After all, the possibility of a direct breakout is extremely minimal.

So what we need to do is simple: regard this rebound as a liquidation of whales, and during this period of consolidation, view it as a shakeout. Consider the possibility of converging into one-hour fluctuations while gambling on the four-hour decline.

Now the key positions we need to pay attention to are simple:
For Bitcoin above: 77800, 78500, 79500
For Bitcoin below: 76200, 75400, 73800
For Ethereum above: 2520, 2550
For Ethereum below: 2445, 2405, 2368, 2313

In terms of short-term handling, hold short positions.
For Bitcoin, consider entering around 77800, conservative entry at 78800.
The initial target is to see if it can reach 75400.
For Ethereum, aggressively short at 2520, add at 2550.
Conservative entry around 2580, manage your own stop loss.
Initially watch for 2445, if strong then 2405.

If you want to bet on a rebound, I also provide you the perspective of the opponent.
For Bitcoin, long from 76200-76500, targeting around 78500.
For Ethereum, long from 2445-2460, target referring to 2520, 2550.

The market is ever-changing; if you do not change with it, at least be more alert to risks. Also, do not rely too much on my references; it is best to limit your references to a few positions.

Different people have completely different trading styles; some people's aggressiveness is considered conservative by others, while some people's conservatism is seen as fatal by others. Styles differ, adjustment methods differ, and the same logic leads different people to make different judgments; everything is merely for reference.

Follow along and pay attention to the public account: Xinya Talks Chan

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