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Market consolidation is not scary; what’s frightening is that you don’t understand the trend, can’t see the key levels clearly, can’t grasp the direction, see others riding the wave smoothly, but you’re still hesitating, unsure how to enter the market, missing every opportunity to profit.
Old Yang took a long position on Bitcoin during the daytime at 62,853, entered the market, and exited at 63,376, enjoying a 523-point profit space.
With the right rhythm, isn’t it just a matter of closing your eyes and entering?
Following the price comparison, I then entered the midday predicted entry point, a wave of rebound from Kongdan, re-entered with a 499-point space, two Dan combined with Luo Dai, earning over ten thousand in profit.
So the market never lacks opportunities; what’s missing is whether you can calm your anxious heart to take that step.
Currently, the market remains in a weak rebound within a downtrend.
Hourly small bullish candles continue to push higher, but the bulls still cannot break through the 63,500 resistance level, with obvious strong selling pressure above.
After the MACD golden cross, the red bars start to shrink, indicating the short-term bullish momentum is gradually weakening.
Ethereum moves in sync with Bitcoin, but the daily bearish strength is greater than Bitcoin’s.
Until it stabilizes above 1,700, all rebounds should be viewed as a correction of the downtrend.
If Bitcoin can hold above 63,500 and break out of the range, then a continued rebound can be expected.
Tonight, short Bitcoin at 62,800-63,300, target near 61,500.
Tonight, short Ethereum at 1,680-1,710, #Strategy低位加仓1550枚BTC target near 1,600.