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Let's talk about how the market looks now. Old Yang never makes hasty moves; all his strategic layouts are publicly shared across the entire network in advance. These past few days, every wave of market sentiment has been precisely grasped, with very accurate entry points given. Following Old Yang's approach all along, I guess he's been making a lot of profit these days. Bitcoin dipped to around 61,344 intraday and then slightly recovered, currently fluctuating around 63,000. Ethereum is moving in sync with Bitcoin, rebounding to around 1,760 with some tug-of-war. Some people around me are entering the market to take profits, while you're still holding Zijin and hesitating, unsure how to act. There are no invincible generals in the market—only those who don't give up and aren't afraid can beat the market. If you're too afraid to even make a move in such a market, what else can you do?
Looking at the current market, Bitcoin's daily chart shows a long lower shadow with a small upper shadow, indicating limited selling pressure above. But this is just a pause after a sharp decline, a test to stop the fall. I also mentioned earlier that it's only a correction, not a trend reversal. Find the right entry points and go all in without overthinking. On the four-hour chart, Bollinger Bands previously widened downward significantly. After the price approached the lower band support, it rebounded slightly. The 62,000 support at the lower band forms a short-term support level, and the middle band is the ceiling for the rebound. As long as the Bollinger Bands don't contract and turn, the market will find it hard to reverse. The overall trend remains unchanged, so the trading strategy is still to buy on rebounds.
Tonight, short Bitcoin at 62,700–63,200, targeting around 61,000.
Tonight, short Ethereum at #ETH跌幅超5% 1,750–1,780, targeting around 1,600.