Bullish but don't chase long, beware of pullbacks, midnight insights! (Concise version)

Needle pricking continuously, mainly exploding long positions, bullish but not aggressively chasing longs, waiting for a pullback!

Needle pricking continuously, back and forth cleaning, repeated friction, complaints abound! To summarize Monday's cryptocurrency circle with these words, I feel it's still not enough!!! The main issue is the explosion of long positions. According to statistics, in the past 24 hours, the entire network has liquidated 263 million USD, of which long positions account for 156 million USD!

I said we have eaten three waves of profit, not sure if we will be criticized. Bitcoin indeed has both longs and shorts profiting, as long as we don't break the pattern, buying on support and shorting on resistance, it's actually possible to profit these past few days. From 89500 up to 91500 and 92000, at least 2000 points can be captured, then again shorting from 91500 and 92000 down to 90000, at least 1500 points can be eaten, and then in the evening, the member group chased Ethereum long from 3135 to 3185 for a small gain of 50 points.

Alright, back to the market, Bitcoin is currently priced at 91400. The recent high is at 92700. Looking at the 4-hour level, there is a need for a pullback, currently under pressure from the upper band, KDJ's three lines are pointing down, showing signs of a death cross forming. The short position has already missed the entry opportunity, most will feel that once breaking the 92000 level, it will test the previous high of 93500, but unexpectedly stopped at 92700, so the shorts have missed the best position. What can be done next is to patiently wait for a low long!

Recently, the main focus has been on exploding long positions, so Zhong Liang does not recommend being too aggressive in chasing longs. Today has already risen from a low of 88700 to around 92700, which is a rise of 4000 points. It cannot be ruled out that this is a staged act to lure in more longs, as everyone knows that the return of a bull market cannot be stopped at 100000, so the long army continues to come, but it must be with light positions to ensure they are not taken away by a pullback, allowing them to see higher highs and survive to witness a new historical high!

At midnight, focus on the 4-hour lower support at 89000 to first ambush long positions, and secondly at 88000 to add long positions, targeting upwards at 91000 and 92500, breaking through to look at 93500, with a stop loss at 87000. Still, that saying, absolutely do not go heavy on positions. The above is only a personal opinion, investment carries risks, and one must be cautious when entering the market! #交易所BTC储备量创2018年以来新低 $BTC