Thursday, finally the clouds cleared and the moon shone. After taking a break for two days and setting up shorts in the morning, I finally managed to exit in the afternoon. The bearish outlook I've been sticking to has been validated, with the consecutive setups in ten waves capturing over 3200 points and over 3800 points, completely exiting the market. The focus these past two days has mainly been on Bitcoin, so I haven't really set up much in Ethereum, with the two shorts only capturing 128 points of space. The persistent effort over the days has finally lived up to the fans' expectations, with all main shorts participating in real trading, taking off across the board once again!
Currently, Bitcoin has paused after a pullback to around 95000 in the afternoon. Although it has provided a rebound, the momentum is not strong. It remains in the 95000-97000 range for consolidation. On the daily chart, as the price pulls back, it causes the auxiliary indicators to spread downward, while the trading volume continues to weaken. The market's buying sentiment is low, and there is no significant buying momentum expected in the short term. The possibility of a substantial rise seems low, but there is some support showing below. Even if there are further pullbacks at midnight, the extreme position would be at most in the 93000-93800 area. Short-term pressure is concentrated in the 97000-98000 range. Given the current weak short-term pattern, I recommend first shorting in the concentrated pressure area, and if it touches key support without breaking, then consider going long again. Adjust the strategy accordingly and don't expect large declines, treating it as wide fluctuations.
At midnight on Thursday, short Bitcoin once around 97000, looking for a pullback to the 93500-93800 area. If it stops, then go long again to look for a rebound, focusing on the 98000 line above. Although Ethereum has pulled back, it still remains within the range. At midnight, consider shorting once around 3400, looking for 3280, and if it stops, then go long again!