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$BTC Others are on vacation for entertainment, experts are quietly laying out plans, opportunities are always reserved for those who are prepared, patient, and disciplined, sticking to the right rhythm, profits will naturally arrive as scheduled.
This morning, Bitcoin first surged high to attract buyers, touching the daily high of 79,145, then turned around and started a unilateral decline, smashing down to a low of 78,027, the bearish outlook given earlier was perfectly fulfilled, and the short position followed the trend to securely capture this main decline segment, smoothly pocketing 647 points profit.
While others are resting during May Day, we are still precisely maintaining the rhythm and eating profits.
On the four-hour chart, I still firmly remain bearish.
Opening the Bollinger Bands, I see all three lines are pressing downward, and the price is still below the middle band, indicating a clear bearish structure.
Two criteria: one, now if there's a rebound, dare to touch the middle band; if there's no volume to follow, it's an opportunity to short; two, the lower band is still opening downward, showing room for further decline.
When the closing price decisively moves back above the middle band, then we can talk about turning bullish, otherwise, all rebounds here should be treated as dead cat bounces.
Trading suggestions:
Short around 78,800 on Bitcoin, target 77,300
Short around 2,336 on Ethereum, target 2,276