Bitcoin, those who followed me from 99000 all the way down in this wave, in just two days, all flipped their positions at least ten times, and after this wave, there are still plenty of profits. These days I have been crazy outputting for you all, have you kept up and eaten? How much did you eat?
Last night we first shorted to 92300, then reversed to long at 91800, and then before dawn, all short-term positions were closed for profit and rested. Also, before the US market opened, I reminded you not to chase shorts near 92000 as there would be a rebound, and to short again during the US market session when it rebounds. Sure enough, in the second half of the US market, it rebounded to around 94800, and I wasn't surprised at all because this was within my expected range. I did not chase the long but shorted again at 94500, targeting 91000 for another profit of 3500 points. I emphasized yesterday that 91000 would break, and the stuck point was 90800.
Alright, I’ve summarized that, now let’s talk about what to do today and how the market will move. After the continued drop in the early morning, there will be a rebound in the morning session, so we still won't chase shorts near 92000. For many days now, the Asian and European markets have been rebounding first. Now the daily chart has formed a dead cross, and on the 4-hour chart, it relies on MA5 and MA10 for downward pressure. Today the upper pressure looks at the several high points of the US market and the early morning rebound at 93570, 94200, and 94800. We should short based on these levels, but both the daily and 1, 4-hour charts are biased to the downside, so the probability of rebounding to 94000 today is low. If it truly reaches 94000, then we can’t short anymore. Just like I said yesterday, don't pursue too high on the rebound; if it’s too high, the downward momentum will be lost. So if it goes up to 94000 today, do you still want that short? Therefore, we need to know where the defense point is!
So today’s suggestion is to short near the pressure area of the MA5 and MA10 on the 4-hour chart during the rebound, already shorted in the 92800-93300 area, stop loss at 94400, target 90100-88888.
For the first touch of 89900-89700 and touching 85700-85500, each add one long position, stop loss at 1000 U each.
If there are changes in the plan during the day or adjustments to the strategy or new suggestions, I will notify you in real-time.