First, let's talk about the recent market operations! Over the weekend, the dominant players in Bitcoin and Ethereum were on the move, and Yicheng's approach is mainly high shorts, fluctuating around the Ethereum 3900 and 3850 levels. Three shorts and two longs, five consecutive trades, and Bitcoin synchronized with three rounds! In the last order, a high short strategy was given, with a stop loss for Bitcoin at 103800, and for Ethereum, at 3925. These two positions are key levels, and once breached, it will be unstoppable! This led to the fifth trade being stopped out, and in the morning, a re-entry was made in batches shorting at around 106000, with Ethereum synchronized shorting around 4000-4020, resulting in a satisfactory outcome for the day.
What stands out overall is the high short strategy for Sol, targeting 215-218, which provides a lot of room. The segmented high short strategy for Ethereum also isn’t bad! First, look at the previous proof records, then see the subsequent trading methods.
Talking about the market again, at six in the morning, Bitcoin was hovering around the 103000 mark. After several hours of back-and-forth between bulls and bears, it surged to a bullish close at seven and eight o'clock! The trading volume was considerable, but from one indicator, it was all a rebound at a high level. The one-hour MACD indicator touched the high above the zero axis and then rebounded, while the RSI indicator showed a bullish cross at a high level. This is a process of forcing shorts! It has been mentioned many times before that the next step after forcing shorts is to lure in longs and crush them! Price divergence combined with bearish divergence can be viewed as a short-term top! Recently, trying to test the highs might be a bit challenging! It is advised that everyone should not chase the highs, and if shorting, always set a stop loss! Otherwise, in the situation faced this morning, one would be in a passive position.
This rule is applicable in the vast majority of periods! Therefore, Jiangsheng set a short in the morning, balanced out in a round, and in the afternoon, a round of rebounds occurred. Some people’s shorts continued down until the evening, and these have all been communicated!
After discussing Bitcoin, let’s look at Ethereum. Since the 12th, Ethereum has been oscillating within the range of 3800 to 4000! The first half formed a triangular convergence, and for most of the time, it moved in sync with Bitcoin. By the afternoon of the 14th, the structure was broken, and it oscillated in the range of 3830-3920. This morning, the breakthrough was unsuccessful, leading Bitcoin to break above 4000, resulting in a hasty and unstable situation, therefore it is bound to fall back, which may also drag Bitcoin down.
In recent months, there have been lessons learned! Although the one-hour indicator seems to be brewing a bullish cross, don’t be mistaken; the tone for this week will definitely focus on luring in longs and then crushing them!
It is recommended to short Bitcoin around 105500-106000, with the first target at 103800, then 102600. You can also short in batches and plan your positions and stop losses accordingly!
Ethereum synchronized! It's recommended to short at 3950-3980, then watch around 3860, continue to look downwards and observe the oscillating decline.
Plan your positions and stop losses independently!
Bitcoin incurs losses in the thousands, while Ethereum only needs to incur losses in dozens of points!
