5.5BTC/ETH Market Outlook:

Yesterday, the V-shaped rebound kept happening. If you were chasing the rally and selling into dips, you probably got taught a lesson over and over—back and forth. First, it was pumped from 78200 up to 80500 for a long. Then it drew back down from the high to around 78100. In the evening, it V-rebounded again up to around 80500. Who can stand that? It’s like a roller coaster. Over in the US and with Iran, if there’s even a little wind or grass movement, it immediately shows up in the crypto market. Meanwhile, Zhongliang, who had been shorting all the way, got trapped and blamed like a dog—but there’s no way around it. Since it’s time to share, it still has to be shared. You can’t just be a dead dog!

Bitcoin might not need shorting, but don’t chase the rally directly around 80000. This is the first thing that must be emphasized. The bulls have been incredibly strong lately, raking in profits—no one denies that. But around 80000, don’t chase the rally directly; if it pulls back even a bit, it will be uncomfortable. If you don’t have positions, I also don’t recommend continuing to guess the top on the left side—keep shorting, because it’s easy to get trapped. It’s too unbearable… As for listening to Zhongliang’s rambling nonsense: if you entered a short around 78500 and you’re currently trapped, then survival is the top priority. If you shorted the 76000 swing earlier, manage your position size—survival is the key! Survival is the key!! Survival is the key!!!

Once there’s a pullback in the market, cut down your short positions, or exit at break-even. You must pay attention to your liquidation level—don’t blindly add to your positions. To push up the average entry price, you’ll keep pulling the liquidation point closer and closer. For this leg’s bullish structure, it’s not easy to guess the top, so shorting is purely a “left-side” attempt to pick the top, which makes it easy to get trapped. If there’s a pullback from a high level, then 77000 below must not break. Once it breaks, the bullish upward structure will be damaged, and the bulls may be basically done for the time being.

For intraday short-term trading, you can rely on the support around 78500 to try low-buy longs. If it only has a small pullback, it won’t break below here. Going long low and riding it up to take profit toward 80000 and 81000 is also possible. If it’s a big pullback, then consider going long once more at 77000—just a small stop-loss is enough. If it breaks below here, then it will be hard for the bullish trend to continue, and the market’s rebound will have ended.

Ethereum isn’t as strong as Bitcoin. I’m worried it may need to catch up and “fill in” later, so in terms of execution, don’t go left-side to try to catch the top either—go long at lower prices as the main plan. Watch the support around 2320 on the downside; the middle band of the daily Bollinger Bands is also support. Enter longs here and look for 2400 and 2450—there’s still profit. Don’t chase the rally. Trying with low-buy longs and a small stop-loss is enough. If that breaks, the bulls will weaken, and you won’t be able to go long anymore later.

The market is never “dead long” or “dead short.” Don’t think that since Zhongliang suddenly talked about going long at lows, it means something is off—wasn’t it all about going high and shorting all the way? There’s no choice—you have to go with the trend. With this kind of daily K-line, it keeps pushing upward with consecutive bullish days, and the strong momentum keeps pressing the upper band, lifting the “mouth” of the band upward as it opens higher. If you keep guessing the top on the left side, you’ll be trapped easily. The only thing you can do is try low-buy longs—not chasing the rally. If certain levels break, then the bullish side ends, and that has all been made very clear. #WCTC交易王PK $BTC