Bitcoin has experienced three consecutive daily bearish candles, each larger than the previous one. In this market, as long as you follow the high-level strategy, every day is a meat-eating opportunity. Without a doubt, it's easy to grasp! Whether it's shorting Bitcoin at 65,500 and 66,500 on Monday, Ethereum at 1,900, or shorting at 64,500 and 1,850 yesterday on Tuesday, there are profits to be made!



After three consecutive daily bearish candles, yesterday's break below the lower band, and today opening above the lower band, the KDJ and RSI are still turning downward, but there is a clear slowing and flattening trend. The MACD is diverging, and the bullish momentum continues to shrink. The reason the price can't go lower is that the lower band space is limited. Currently, the price is close to the lower band, but the lower band hasn't continued downward, leaving room for the bears. Therefore, look for short opportunities, preferably high-level shorts. The downside space hasn't fully opened up yet, so the market is prone to rebound or sideways consolidation, using sideways movement to gradually free up space on the lower band.

A rebound is part of the process; a decline is the result. Don't be afraid of rebounds in this market, and don't chase after every rebound thinking it's a bull run. Rebounds are just to set up for a better decline. Always keep this big-picture view in mind! Follow the trend and act accordingly. This is also what Zhong Liang emphasizes every day.

On the 4-hour chart, the rebound faces resistance from the BBI and the three Bollinger Bands, all opening downward. The KDJ is turning upward, RSI is flattening and slowing, and the MACD bearish momentum continues to shrink.

On the hourly chart, the rebound in the early morning was suppressed by the upper band. After a brief rally, it retraced slightly. To continue downward, it must break below the middle band support. The KDJ formed a death cross after being overbought, heading downward; RSI is flat, and MACD bearish momentum continues to shrink.

In summary, the indicators show a rather complicated market. Therefore, in trading, avoid chasing highs and lows. For shorting, patiently wait in the resistance zone for opportunities. For rebounds, consider short-term trades and run quickly. Never lose sight of the overall pattern.

Above resistance for Bitcoin is near the hourly upper band at around 64,800. Next, the 4-hour middle band resistance is around 65,600, with strong resistance at 66,500. Short positions should be taken around these levels, with targets at 63,700, 62,500, and 61,500.
BTC3,58%
ETH5,52%
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BullAndBearBattlevip
· 10h ago
Good luck and prosperity 🧧
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