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10:00
The market has developed; you can see that yesterday's viewpoint around 3560 has also been reached, right? Basically, moving forward from now, there should be a rebound during the day. There's no perpetual decline and no perpetual rise. The key points for the rebound are 3680-3750. As mentioned yesterday, if it can't break above 3750, there won't be much room for bulls. If you're unclear, you can refer to yesterday's viewpoint.
Next, as shown in the picture: Today's situation indicates that there was a temporary stop-loss structure at the 3560 level due to the small time frame. However, a stop-loss does not mean a reversal. Therefore, my personal judgment is that during the day, it should oscillate back and forth between 3560 and 3750.
So there are only two most suitable places for trading strategies. The first is to go long near 3560, with a stop loss at 3540. The second is to go short near 3750, with a stop loss at 3770. You can also pay attention to whether 3680-90 can hold as resistance for a small position to short in batches. Personally, I still prefer to go short overall. Let's see the specific structure when it reaches these two positions, no need to be stubborn.
The key point for Bitcoin currently is 108250, and the view remains consistent with yesterday and the day before, looking down.
For reference only.
The logic of the morning's short position was perfect, and the profit from each trade was at least 150 points. The current market situation is as shown in the figure below: there are obviously no signs of a bottom in the 1-4 hour chart, only a certain level of support at 3680. It hasn't broken down yet, and whether it will break down remains uncertain; nothing is definite, although personally, I think it will break down.
After ending a trade, objectively look at the market. From the chart, it's clear that long positions cannot be taken because there are no signals of a bottoming out. It's also not advisable to chase short positions at this support level, so currently, it's appropriate to observe. The key pressure above is around 3750; if it doesn't stabilize effectively, there won't be room for bulls. If it breaks down below 3680 effectively, the four-hour cycle will remain incomplete, and then we could see around 3560. If you want to take profits from a swing trade, it's best to set the target higher without getting caught in tail-end movements, but those with reasonable positions and a good mindset can control their holdings downwards.
I personally prefer to wait and see for a rebound or later during the US market before making any decisions. Although I'm not shorting at this position, I also won't go long; there's no need to force it. Sometimes the market conditions need to be patiently awaited.
The viewpoint on Bitcoin remains unchanged; you can refer to the levels from this morning.
For reference only.