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Good morning, today we will talk about swing trading trends again. In the previous text on the 18th, Lang Ge reminded everyone that Ether began its swing trading downtrend ahead of BTC. By the morning of the 18th, the first swing trading phase ended, and a rebound was about to begin. The pressure for the rebound was around 3630. Indeed, until the 19th, Ether's rebound only reached around 3630. Moreover, once Ether's rebound was complete, BTC would start its swing trading downtrend together with Ether. Five days have passed, and looking back, the trends have been consistent with Lang Ge's predictions. Ether fell by 600 points, and BTC fell by 6000 points. Will the market continue to decline?
Currently, the trend indicates a second wave of swing trading at the weekly level, and the downward movement will take some time. We still need to adopt a high short layout. The recent short-term downward trend of Ether and BTC started on the evening of the 20th and has not yet completed, as shown in the chart below. Today's short-term rebound will still have another wave of downward movement before we can see a daily bullish rebound. During the day, the short-term pressure for BTC mainly exists between 113300-113800. A rebound to this position will still face a downward wave at the 6-hour level before a new rebound can begin. Recently, I haven't been posting daily, but it should be findable - @浪哥必说, the layout needs to be well protected.