Tuesday Morning Insights: How much space can you harvest as we dip below 5000?
The overnight market continues to operate in a downward trend, with the four-hour level showing that moving averages have started to turn downwards, with no signs of rebound. The bearish trend remains, and there is significant space below. The rebound strength is weakening, providing no breathing room for bulls. This has been emphasized multiple times by Lin Kun; the strength of the rebound will not be substantial. Yesterday, we arranged three waves of short positions during the trading session, all of which have been harvested. Did you keep up with the rhythm?
Flooding often happens in an instant, so there’s no need to elaborate on many things. The technical structure is always inclined towards bears. Any slight rebound presents a short opportunity. Please do not hesitate, please do not be confused. As the saying goes, the bold will thrive, and the timid will perish. This logic is well understood by everyone; going short is our best choice!
For Bitcoin, Lin Kun personally advises shorting on a rebound to 94000-94500, with a target around 90000-89500!
We never go completely short or completely long. After gold breaks down and weakens, we begin to short in line with the trend. Gold is dropping from a high position, and now it’s the bear's home ground; any rebound is just an opportunity to go short.