It’s been a long time since I wrote a long post. I’ve noticed that many friends have fallen during this rebound, or have given back at least a month’s worth of profits. Starting today, I’ve decided to launch ongoing subscription livestreams to help my subscribers recover their losses and double their capital. New subscribers can check the pinned post to learn about the trading rules, then watch the replays of last Saturday’s and Sunday’s, as well as the previous weekend’s, subscription teaching livestreams. You must improve your own understanding and stop blindly going all in. You need to have a big-picture view of the market instead of staring at small timeframes. You must always maintain a sense of crisis and use stop-losses.

First, let’s look at the current market. On the daily chart, Bitcoin and Ethereum have broken out of the bear-market sideways-to-down trading range. Gold has broken out as well. Regardless of whether it was triggered by last night’s news, it has genuinely broken out. Volume has also increased. Bitcoin has now broken above 69,700 again, and may continue moving up to catch up. The strong resistance levels above Bitcoin are 72,400, then 74,000, with 77,777 as the extreme level. These are the only three levels to watch in the short term. Ethereum’s upside levels are 2,387 and 2,476, with 2,593 as the extreme level. If Bitcoin holds above 65,555 and Ethereum holds above 2,100 on next week’s pullback, then both the technical and sentiment perspectives indicate that the bear market has come to an end and a bull-market comeback is beginning to take shape. For crypto recently, it’s best to watch the market and trade accordingly, while keeping stop-losses in place. After the sideways movement, enter on the right side and look for the top. Don’t enter when volume surges, and don’t place short orders without stop-losses. You could easily get wrecked.
A little Monday-morning quarterbacking: We had already been reminding everyone in the livestreams and subscription posts since August 5 and continuously through August 18 that the entire market was about to take off and that they should hold their long positions. After that, we focused on gold and U.S. stocks, while paying less attention to crypto because of its prolonged sideways movement. We held our long positions and waited to take profit at 66,000 and 2,100. This market move was completely beyond our expectations—directly exceeding them. But if you followed the rhythm, you still wouldn’t have completely missed the move, nor would you have been trapped at the bottom. Everyone must remember that during the previous bull-market comeback, Bitcoin once rose 700 points in a single day. This kind of volume surge is a signal. You must exit your short positions during a pullback. Don’t make assumptions. But don’t chase longs either; there will definitely still be opportunities for the market to come back down for you to enter. It is expected to pull back next week, and we will reposition into spot and futures long positions.
As for yesterday’s trades, gold moved up smoothly on the volume surge. Subscribers were able to catch the top around 4,528 and secure 40 points. The long position also successfully caught the bottom at 4,473. During the livestream, we kept taking short swing trades around 4,500. For crypto, Ethereum took a beating from the volume-driven move while we were in shorts, but we caught an Ethereum long at 2,068 and took profit at 25 points. Holding it the whole way would have felt great. On the U.S. stock side, the Sandisk shorts at 1,607 and 1,629 were both profitable, while the double-bottom long at 1,555 succeeded, taking profit at 40 points. We also opened several small positions in Micron and SK Hynix.
Actually, think carefully about this: looking back at our normal trading, as long as every trade has a stop-loss, our win rate has consistently been above 70%. We only occasionally get stopped out. By strictly following the position-reduction and trading-logic approach without being picky about orders, you can review all our livestream replays and subscription posts. Otherwise, you simply won’t be able to follow the trades. For those who do follow them, the win rate is definitely far above 70%, which means stable profitability. Don’t trade with emotions or a lucky mindset. Don’t hold losing positions indefinitely. Keep it up, everyone. During our recent closed-door livestreams, you don’t need to think for yourselves—just do as instructed. Strictly follow all my rules. If you don’t make money and I can’t help you recover with a big win, then there’s no point in me continuing to guide you. Maybe my abilities are insufficient. All right, bye-bye—see you tonight!