On Friday, after the morning layout of three positions gained over 3000 points, the coin price briefly stabilized at the 95000 level. The real trading continued to layout towards the downside, and in the evening, the coin price quickly fell back, losing 800 points before exiting. After the major currency broke below the 95000 threshold, the strategy was updated in a timely manner, looking for the bears to continue to probe down to 92000. The major currency price hit a low of 92200 as expected, and then quickly surged by over 5000 points again, showcasing a clear washout rhythm. Although there were losses in the major currency, Ethereum remained weak throughout the day, and the strategy was entirely focused on a bearish outlook, with real trading revolving around short positions. Overall, there were still considerable gains.
Currently, although the Bitcoin price has bounced back, it is considered a rebound from an oversold condition, a chaotic situation. Typically, the main players' tactic is that those who are currently panicking may have already cut their losses. After some rebound, those who enter midway may face another wave of selling. Such operations may occur several times, ultimately wiping out everyone's positions, leading them to give up resistance. This back-and-forth washing will bring out all the blood-stained chips, simply making a choice. Regardless of whether one is aiming for a rebound from an oversold position or planning to hold longer, it can only be said that these leading assets are prioritized, along with the possibility of main market manipulation. One should not be misled midway, especially during a significant drop when anxious to recover losses, as it can lead to an imbalanced mindset. Staying calm in this rhythm is key; just surviving is enough.
Regarding subsequent operations, with the weekend approaching, the pace may slow down, but the trend cannot be changed by a single rebound. At midnight, continue to reference the 97500-98000 area to short again, while monitoring the lower point at 92000. This position will at least test once more. If it holds, it indicates a range-bound accumulation rhythm; if it doesn't, there is a possibility of further probing down to the 90000 level. The midnight strategy continues to be bearish, not much more to say.
Ethereum still shows no clear signs of bottoming, shorting alongside the major currency, with the current price around 3400, shorting directly, initially looking for a 200-point pullback. That's all for now; once the market returns to technical levels, adjustments will be made based on market signals.
