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Sunday Night | Tang Long's Trading Strategy
Over the weekend, the market has been mostly sideways with weakness, consistent with expectations—low volume, little volatility, and a frustrating movement.
Bitcoin is currently in a low-level consolidation after a decline. Many people see the drop and want to buy the dip and go long, but remember one thing:
This is not a reversal, just a correction. Don't go against the trend recklessly.
From the hourly chart, it was pushed down after an upward move, with consecutive long upper shadows, indicating heavy selling pressure above and that the rebound can't go far. Multiple attempts to stabilize have failed, and the conditions for a reversal are not yet met.
Plus, with unstable news and a generally bearish external environment, market sentiment remains cautious.
Overall, in the short term, the trend is still to rebound and then short.
For Bitcoin at 67,200–68,000, consider partial shorts targeting 66,000 → 64,000 → 63,900.
For Ethereum at 2018–2045, consider shorts targeting 1970 → 1850 → 1735.
Summary in one sentence:
Don’t buy the dip; wait for a rebound to short, and following the trend is key.
This is just my personal view, for reference only. Remember to control your position size and set proper stops. #比特币震荡走弱 #房利美接受加密资产抵押贷款 #国际油价重拾升势 #稳定币去利息化博弈升温 $BTC $ETH