$BTC $ETH
I actually didn't enter Bitcoin today
I opened a long position on SPX and a short on Hive
One at 5x and the other at 15x
So I didn't trade Bitcoin
However, I still took a glance when the US stock market opened
It just happened to hit the critical RSI on the 4-hour chart
As I mentioned on Saturday, we would change the line today and drop first
Sure enough, there was a drop in the morning
Why did it drop in the morning?
It shows you the line is diverging, and closing the line makes you feel like it will go down
Plus, after not breaking 99 for a long time, it naturally feels like it can be shorted
Today is Monday, so the daily, 4-hour, 1-hour, and weekly charts are all changing
Therefore, I had already predicted this on Saturday and reminded everyone not to chase shorts
The previous movement was a trap for shorts, and this way of rising is meant to bury people
It hasn't accelerated, making bears feel like they can still hold on
At most a loss of 100,000, or a liquidation at 100,000+
When switching to the daily chart, there were two Doji stars on Saturday and Sunday
A Doji star indicates a continuation, combined with the 4-hour not breaking
It is a rising continuation rather than a reversal continuation
On Saturday during the day, I even posted to let the 3620 short position take profit
Because I saw issues with Bitcoin on the 4-hour chart, it couldn't drop
Which also means it's still trapping shorts