No need for more words! Anyway, the price has been falling below 100,000 these days, and Ethereum is below 3,100.
Will it bounce back after reaching below 100,000? Yes! So wait for a rebound before shorting!
Short after a rebound between 101,700-102,300.
Recently, Ethereum tends to bounce back whenever it reaches the 3,100-3,050 area, right? At the end of last month, it rebounded several times around 3,150-3,100-3,050. Although the weakness of Ethereum remains, since it has fallen below 3,100 again, I won't chase the short for now!
Yesterday morning's market was indeed the highest point for shorts, and the targets were all met. Although before resting last night, Bitcoin made 1000 points profit, and Ethereum was flat with a profit of 100. Not too bad!
Today, the market dropped sharply in the morning, and I won't chase the shorts for now. For Ethereum, watch the support rebound in the 3100-3050 area, while Bitcoin also has support at the 100,000 mark.
The Fourth Day of the Lunar New Year Yesterday, Bitcoin surged and then retreated, closing the daily chart with a large bearish candle that broke through MA5 and MA10. A decline in the early morning directly erased the gains of the previous two days. The short-term rebound resistance is at the last rebound high of 103000 on the hourly chart. If today's decline continues, the rebound won't be too high.
This morning, it is suggested to short Bitcoin around 102600-102800, aiming for 100500-99500.
Ethereum had a strong pull yesterday, but ultimately failed to break through the pressure of the previous daily high, and was pushed down above 3400, leading to a direct drop in the early morning. It is suggested to short Ethereum on a rebound around 3340-3350, with a stop loss at 3400 and a target of 3250-3180.
Bitcoin's daily line has continuously topped out and hasn't gone beyond 106,000, the big crash is here. After the monthly line closes, the main focus will be on early February. Yesterday's rise in Ethereum was a signal; it has been verified multiple times before. When Ethereum makes its final push and Bitcoin remains still, it basically indicates a crash is imminent. In early February, we should first look at going back below 100,000.
Lao Xiao has been analyzing Weibo every day for a year, and it continues until New Year's Eve. After finishing yesterday morning, I took a break. Now I will continue to rest for a few days, visiting relatives and friends. Wishing you prosperity! The original internal orders depend on the situation with Dan; if there is time, the orders can be processed. No other requests!
This is a New Year gift from Lao Xiao to everyone, a New Year red envelope, have you received it [haha]? It's now at 2000 points, reduce positions. Let's see the remaining at 100300-99500
The upper limit is now at 103000, and it has dropped to below 102000. This is a New Year red envelope, a New Year gift for everyone. #EthereumETH##BitcoinBTC#
In the afternoon, should we go long near 98200 twice? An hour ago, when it was below 99000, I clearly stated that there would be a rebound here, and not to chase shorts at least until above 100000, and now we have reached that point. The big shorts from the day before yesterday to today have already taken profits, and then I took more again.
Today, both big shorts and small longs have been eaten.
Bitcoin supports the 98500-97500 area, and it is expected to rebound in the evening. It is not recommended to chase shorts now. Wait until it rebounds.
Ether also rebounded above the 3000 mark support.
It is recommended that Bitcoin rebound at least above 100,000 before considering shorting.
The wait is worth it! On Friday, it went up and then fell back. We went short near 106500. There was a slight fluctuation on Saturday and Sunday. On Saturday and Sunday, Lao Xiao gave another short position in the 104600-105000 area and kept holding it. Now it has reached the first target of 101000, and we can reduce our position once.
Ethereum was short above 3400, and now it has fallen below 3200 again. Ethereum continues to focus on the support of the 3150-3100 area, which is the focus. Therefore, although Ethereum is useless, it has been very resistant to declines every time it reaches the 3180-3100 area recently, so short positions can be reduced or closed first, and short positions will not be pursued here for the time being.
For short orders above 3400 for Ethereum, reduce them near 3285.
For short orders near 106600 for Bitcoin, continue to hold, and don’t worry if the stop loss moves down to 106200.
There is a high probability that the price will continue to pull back over the weekend, and take 106200 as a defensive rebound short. The targets below are 102000-100500-98500-94200, and we will talk about the rest when the time comes, and we will act accordingly if there is a hedge and long position in the middle.
Bitcoin, continue to rely on the 107000 resistance to go short, current price around 106300-106600, stop loss at 107800, target 100000-99800 #BitcoinBTC#
Bitcoin, shorting above 105000 has been tried and tested. Now that it has been given, short it again, arrange in batches, stop loss above the rebound high point of 106500 in the early morning, and the target is tentatively set at 101800-100000.
Ethereum finally rose today, but regardless of it, I haven't recommended Ethereum for many days. However, if you have been trapped in Ethereum long orders or something, it is recommended to take advantage of this rebound to get out.