Being bearish and shorting is not about mindlessly shorting at any position! Going long is not just about randomly buying at any level. This is what I mentioned before: the key to trading contracts is not to focus on whether it's a bull or bear market, but rather on the entry and exit prices for long and short positions! For example, if you said yesterday was a big bull market and just randomly bought between 97000-98000 or 96000, who would you be doing it for? Similarly, if you were bearish yesterday and shorted at 98000, continuously adding to your position down to 95000 without wanting to exit, when the price retraced to 97400, would you be nervous?
Just a moment ago, I reminded you not to rush into shorts; now we have already rebounded to 96300. So today, I think the position to short is near the 4-hour middle band on the rebound, in the 96600-97000 area, with a stop loss above the rebound high of 97555 from last night.
Ethereum, do you really like to trade Ethereum? If I don't talk about Ethereum for a day, some people will come and ask me to take a look at Ethereum. What's going on with Ethereum? Ethereum performed stronger than Bitcoin last week. I suggested only 5 trades in Ethereum last week: 4 wins and 1 loss. And the short position from 3715-3730 that I mentioned the day before yesterday and yesterday could still bring in a big profit, right?
Last night I mentioned that Ethereum's daily chart showed a Evening Star pattern, which means you missed the short opportunity during the day yesterday. After I gave the warning, there was a rebound to around 3680-3660, which could have yielded 100 points, right? So today, Ethereum's resistance is at 3680-3700. Therefore, wait for a rebound to the positions of 3670-3690-3700 to short Ethereum, with a stop loss at 3750. The volatility is a bit large, so set the stop loss a bit wider, and control the position in batches to reduce exposure. The target is in the 3555-3500 area. The 3520-3500 area is a low support zone that has been tested multiple times in the past few days, so if we get close to 3500, don't chase unless we lose 3500 and then rebound to enter, looking down towards 3450-3380.