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Yesterday, I accurately followed the market trend to make strategic placements, achieving a full-day victory! Bitcoin (Big Pie) harvested 2800 points, Ethereum gained 100 points. Two waves of positioning resulted in one profit and one capital preservation finish. Bitcoin at 80400 placed long positions, exited at 81200 for an 800-point gain; Ethereum at 2270 followed the trend to go long, took profits at 2230 for 30 points. In the afternoon, as the bulls weakened, I promptly protected capital to avoid a pullback. Reversed to short positions, expecting Bitcoin at 81000 to decline, as the market as expected retraced 2000 points; Ethereum at 2300 followed with a short, took profits at 2230 for another 70 points. Many traders stubbornly hold onto long or short positions, blindly enduring, not understanding flexible adjustments, ultimately being repeatedly shaken out and harvested by the market. Professional trading involves flexible thinking, switching between long and short based on market conditions, riding the trend, and capturing profits easily. Follow the main trend closely, avoid getting stuck in sideways movements or blindly counter-trading, and steady profits will naturally fall into your pocket.
Currently, the market shows a bearish dominant weak structure, with the daily chart forming three consecutive large bearish candles, and the medium to long-term trend firmly controlled by the bears. All moving averages are under pressure and trending downward, suppressing the market layer by layer. The rebound strength is weak, unable to stabilize key levels, with low bullish sentiment and diminishing momentum. After a deep decline, the market is consolidating sideways, a typical downtrend continuation rather than a reversal. The market briefly stabilizes but shows no signs of a strong rebound; the downward momentum has not yet been released, and the risk of further decline remains high. Operations should focus on shorting on rebounds.
Midnight Bitcoin trading idea: short directly at 79600-80100, target 78000; Ethereum at 2260-2290, short directly with a target of 2200.