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Friday, the window period is here—so I still need to stay flat.
Today’s at this point, you all know what I mean. On Fridays, there’s usually a big move. Let me first talk about the market: at 8 PM, the U.S. Department of Defense will hold a press conference. You know what this department is like—you can be sure they’ll announce major news. The U.S. and Iran are still pulling each other to the limit, and in the end, we’ll just have to wait for the facts to land.
War—this time the Department of Defense is stepping in. Peace—Vance leads a team and travels all the way to Pakistan to oversee the ceasefire agreement. Putting it subjectively, it’s hard to call it “talks,” and they can’t reach agreement on the core issues. So for the crypto crowd, this is definitely bearish. But the first two times—once it hits Friday, Trump sends bullish signals and pulls the market up—we can’t afford to get accidentally hit by a smoke screen. As long as the price rises, that’s a chance to short.
Yesterday’s action was manageable—doing long or short, you could profit. In the early session, it once again surged and then pulled back, just like the pattern from last midnight. The bulls still can’t stabilize and push above 78,000, so the risk of chasing highs today is high. Technically, the four-hour timeframe is on the verge of breaking down, so today I still have to stay flat.
Big pie reference: short in the 78,000-78,500 area, enter with light size, keep room to add on, target 75,200.
Ether reference: short in the 2,320-2,350 area, enter with light size, keep room to add on, target 2,220.
A turn of the market is imminent. What we need to do is stay flexible and patiently wait—so we can deal with risks that go beyond expectations. You’ve seen the recent thinking and win rate. Alright, that’s all for now—I’m very busy, really busy.