Monday Daily Summary: Great Harvest! Great Harvest! Are you keeping up with the rhythm?
The intraday Bitcoin trend is still under pressure and in a downward state. The trend has not strayed from its path; everything is following Lin Kun's script, which is to go short. Going short all the way is enjoyable, and Lady Luck is on your side, Kun Ge. Today, we didn't provide many setups, just arranged 3 waves of shorts, all perfectly executed!
Waking up after a nap and opening the market, it's obvious that Bitcoin's rebound is not strong. Later, Lin Kun suggested going short at 95800, and the market trend was very strong. The first wave of shorts captured more than 2000 points of space!
After a round of decline in the morning, Bitcoin's price rose again to the original point, but the resistance above was too strong. Therefore, in the afternoon, we again entered the market to go short near 96150. No need to say much, the second wave of shorts was executed perfectly, capturing more than 1200 points of space!
Subsequently, the evening market trend weakened, and the rebound strength was significantly weaker than during the day. Moreover, a large bearish candle had formed in the 4-hour chart. Thus, we entered the market again in the evening near 95600 to continue going short, and once again, there were no surprises; the third wave of shorts harvested over 1800 points of space as expected!
The above thoughts are all publicly shared across the network. Lin Kun does not like to do those flashy things; it is what it is. All setups are based on solid reasoning. If you have any doubts, you can refer to previous blog posts to see if it is indeed the case!
The market trend continues to operate in a seesaw manner, but the outline still shows a bearish trend dominating. The current market is presenting a stair-step decline, with resistance above continuously moving down, while the support below is also slowly declining. This is evident to anyone with eyes; saying more is of little significance!
For those who say Lin Kun relies on just talking and those who throw in the rear-view comments, what I want to say now is that whether you believe me or not is irrelevant. Whether I talk big or make rear-view comments, I am not targeting you; I only pamper my fans, and that’s it. Don't sour grapes just because you can't get the grapes!
How is the market feeling recently? I guess there’s no need to elaborate; the focus is on stability, precision, and decisiveness. Those who understand will understand, and saying more would be nonsense. If you have ideas, come take a look; let's rush together and celebrate the prosperous year!