Labor Day—don’t those pro-short guys not rest either? Yesterday was Thursday, and things were pretty calm; the market moved sideways all day. Today is Friday, Labor Day, and the pro-short side is back at work—so that’s what’s going on…

On Bitcoin’s daily chart, there are three big bearish candles. After barely managing to break back above the midline yesterday, it once again stood above the midline. Today it went straight up, rallying from 76,000 to a peak around 78,400. This is the point where you definitely shouldn’t chase the breakout anymore. If you bought and rode the long all the way up, I won’t deny you’re probably feeling great—you made money—but it doesn’t mean that continuing to go long from a spot like 78,400 will keep you “eating” (getting profits). For some areas, you might not need to short—but there’s also no need to chase the rally!

It’s Friday. If you don’t have any short positions, you can consider shorting Bitcoin around 78,500 to 80,000. If the market turns into a pullback, watch support at 77,000 and 76,000, as well as the 75,000 area.

For Ethereum, the highest rebound topped out around 2,314, and it has basically rebounded to the point where it’s pretty much done for now. Ethereum can also consider opening a short around 2,310 to 2,370. If it pulls back, support to watch is around 2,250 and 2,200, as well as the 2,150 area.

For the May Day holiday, I won’t pay too much attention to the screen anymore. After all, work and rest should be balanced—wishing everyone a happy holiday! #WCTC交易王PK $BTC