Rather than coveting fish in the abyss, it’s better to retreat and weave a net. Rather than admiring others’ profits, it’s better to go back and refine your own system. Looking back at the intraday market, the coin price has been climbing steadily since this morning’s Asian-session opening, rising from 77,400 to refresh the intraday high above 78,000, and then entering a period of narrowing-volume sideways consolidation, with bulls and bears repeatedly tugging back and forth. Overall, the bears have the upper hand, and the coin price has pulled back to around 77,000. In the European-session phase, there was a rebound, but it was followed by another push higher that then fell back again. In the evening, before the U.S. session, there was a narrow-range back-and-forth, and it retreated again to around the intraday low of 76,771; it is currently consolidating just above the 77,000 level.

For live trading, the short entered around 78,000 earlier in the day took profit in time, netting a small gain of 600 points; the short-term short entered around 77,800 was exited promptly in the evening, capturing nearly 700 points. The 78,000 limit-order short position provided in the live room also moved out more than 1,000 points during the evening U.S. session. All of this was witnessed by brothers in the live room, and the market played out as expected. Although the profit room in a choppy market isn’t large, the gains were taken steadily. If you still can’t handle a market like this, you might consider following Lu Cheng’s footsteps. Perhaps one choice can bring about a different kind of change.

Judging from the order-book and price action, “Big Pie” is currently, on the daily chart, continuing to maintain low-level range repair within the downtrend channel; overall, the weight remains tilted to the downside, and the price is being compressed between recent highs and lows. The rebound strength at the daily level is rather limited, so it’s difficult to see a trend reversal in the short term. On the 4-hour chart, the earlier weak rebound came to an abrupt halt, and the rebound momentum has clearly faded. The middle band of the Bollinger Bands continues to be pushed downward; in the short term, the price action is temporarily showing a choppy and slightly weak pattern. Downside, the support zone around 76,000-76,500 needs special attention; if this area is broken again, the downward space will be further opened up, with the 72,960 bull-bear dividing line in view. On the hourly chart, the candlesticks are now beginning to follow the short-cycle moving averages in a relatively smooth downtrend; rebound highs are gradually lowering, and lows are continuously being refreshed. In the short term, pay attention to whether there is a small rebound that first confirms resistance and then turns into a second leg of decline. Under the premise that the overall structure is turning bearish, patiently waiting for a rebound-to-resistance signal to appear is a relatively more prudent bearish trading approach.

As for execution, short “Big Pie” around 77,500-78,000, with targets at 76,000-76,500; short Ethereum around 2,140-2,160, with targets at 2,060-2,080.
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