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Going long on the weekend is just a transitional period; shorting at the beginning of the week is the permanent hope. Sister Ying has always emphasized, don’t panic, a rebound is just an opportunity for you to short.
Today's downward movement has given the market confidence, after all, everyone is profiting and becoming more courageous.
After a period of time following the US stock market yesterday, Bitcoin's performance was in a sideways trend. The shorting positions in Bitcoin exited early, taking down 101 points. The deceptive movements were overwhelming for me, after all, pursuing perfection is my goal; not losing means making a profit!
Fortunately, today I directly shorted and captured a space of 2200/90 points. Where the trend is, one should execute steadily, accurately, and decisively. Control the risk well, allocate the chips properly, and the rest can just be left to time.
How to operate in the European and American market next?
The Bitcoin pattern has broken below the 4-hour BOLL middle band, with support at 10.55-10.6 below Bitcoin, and the pattern in the 3800-3820 range.
After falling so much, can we still chase it? I won't chase anymore, either wait for a Rebound or buy on dips with light positions. However, the support levels for Bitcoin and Ethereum are not in sync; Bitcoin has more room than Ethereum, so we can only wait for opportunities.
The posture can lightly enter the market in the 3800-3820 area, while observing whether the decline of Bitcoin synchronizes to enter the market, aiming for a space of 80-100 points. #BTC