100,000 is just one step away, will we be picking people up tonight?
Currently, the highest rebound is 99,500, and the much-anticipated 100,000 is just a tiny bit away. However, those who were stubbornly short yesterday have suddenly changed their tune today; either they cut their losses, got liquidated, or locked their positions. Very few are still singing the short song! This is actually very normal; this market is driven up by a short squeeze, and the indicators are severely overbought. It’s only natural to want to short, as everyone has their desires and emotions. Therefore, feeling frustrated or rebellious is completely normal. Understanding when to turn back is enough; locking positions can also be a good strategy. Admitting mistakes, bowing down, and conceding does not mean one is lesser; only mature grains of rice know how to bend down!
There have been many jokes in the square recently, but I hope everyone can stay a bit calmer, not be swept up by empty talk or let desires cloud their judgment! There’s never a guarantee that things will go as expected; such thinking is too subjective and too arbitrary! Yesterday, I shorted Ethereum at 3,160, with a stop-loss at 3,230, losing 70 points. However, I did not get emotional; I did not hold my position but rather cut my losses, waited, and then re-entered!
Tonight, I will tell everyone about the support below; as the market tests support, it immediately rebounds. I decisively let everyone chase long positions directly; Bitcoin went up over 97,000, Ethereum went up over 3,300, and the profits are evident. Bitcoin reached a high of 99,500, with an increase of 2,250 points. I still maintain my target of 100,000 for Bitcoin, while Ethereum rebounded to a high of 3,429, with an increase of 129 points. I still see 3,500 as my target. Haven't we easily made back the 70 points lost on Ethereum yesterday? And has the capital not easily doubled?
Perhaps the entire market is in a frenzied bull market, with various people making money and getting liquidated, with heavy resentment and big tempers. I, Zhong Liang, hope everyone can remain calm, restrained, and more composed! Do not get too emotional, and continue to ambush low longs tonight!
Ambush Bitcoin at 97,800 and 97,000 for longs, maintaining a bullish outlook of 100,000. Ambush Ethereum at 3,310 and 3,260 for longs, aiming for the 3,500 line. Do not go heavy on positions; defend based on your own position size. If you want to take 2,000 points of profit, then set your stop-loss around 1,000 points. Be sure to strictly control your position size; stop-loss and risk management are key!
