Good midnight to all friends in the circle, I am Lao Meng. The intraday market gap reached as high as 3800 points, with the bulls peaking at around 97350 and the lowest point falling to around 93760. After the US stock market opened this evening, there was a drop followed by a rise, and the current coin price is fluctuating around 95200. Tonight, Lao Meng predicts that it will oscillate between 94000-96500, without a clear one-sided trend. Just maintain the strategy of high short and low absorption. There were only 3 trades during the day, timely stopping losses to take down 1467 points. The situation is as follows:
1. Bitcoin 95670 short 94855 exit gain 905 points
2. Bitcoin 90625 short 95463 exit gain 562 points
3. Ethereum 3641 short 3627 exit loss 14 points
From a technical structure perspective, the 4-hour K-line chart has run from the lower middle band to the lower band and is now trending upwards, remaining between the middle and lower bands. The market shows a stepwise alternating downward trend. Currently, the market sentiment is slightly weak, and one can short at high positions while paying attention to the support point at 93500. If it doesn't break, we can short again; the Ethereum strategy is in sync with Bitcoin, with a support point at 3450. If it doesn't break, we can short again.
Tonight's strategy recommendations:
Short Bitcoin in the range of 95500-95800, target 93500. If it doesn't break, we can reverse and short.
Short Ethereum in the range of 3580-3610, target 3450. If it doesn't break, we can reverse and short.
Do not fear a long road, only fear a short ambition; do not fear slow progress, only fear standing still. Every step counts. Keep going, stranger. Follow Meng Ge. If your trading is not ideal, you can join the light. Tonight, I am giving a special welfare spot, free of charge!