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Market conditions are like this, honestly there's no face to say anything, it's not just stubbornly going long blindly, but indeed missing this wave of rebound longs. Chasing the rally is very risky, so either go left to probe the top and short with a small stop loss, or honestly wait for a pullback support before going long at lower levels. Bitcoin yesterday gave a short at 81,000, which was stopped out at 82,000, the order was clearly given, so there's not much more to say...
After all, Zhong Liang is not the type of traffic blogger who draws pie, talks gossip, whines, swears oaths, or takes out loans, so the order was clearly given with a five-star risk warning and a stop loss. Yesterday, I posted that those without a short should try not to short anymore, wait for a pullback to go long at lower levels. Later, I provided a high-risk short again.
Ethereum was shorted high at 2380 and 2420, if you followed, you barely avoided losses, with a rebound up to 2422 and a pullback, and a low at around 2343. For those who shorted, remember to reduce positions gradually!
Midnight view: support at 79,500-78,500 on the pullback, you can try to go long again, if it breaks below 77,000, the bullish trend is over. Ethereum around 2320-2300, you can try to go long at lower levels. The market shows no signs of topping, shorting is just guessing the top, be prepared to be trapped. Going long, only buy on pullbacks at lower levels, don't be too aggressive chasing the rally! #Gate广场五月交易分享 $BTC