4.9BTC/ETH Market Outlook:

Yesterday, Zhong Liang provided a high-level outlook: Bitcoin mainly shorted at 71,500 and 72,500, with a peak rebound at around 72,858. The short positions were successfully entered, with a minimum pullback to around 70,400. The price movement was not large, but all short positions could definitely have taken some profit. Ethereum shorted at 2,250, with a peak rebound at around 2,270, and a minimum pullback near 2,160. The short positions also played out as expected!

Bitcoin's daily chart shows resistance from the upper Bollinger Band, pulling higher then retreating, forming an inverted hammer candlestick. The middle band is flat, and the lower band is opening downward. KDJ and RSI are in overbought territory and turning downward, indicating a pullback is needed. On the 4-hour chart, all three Bollinger Bands are opening upward and rising, but after the KDJ reached overbought levels and formed a death cross downward, and MACD shows a bearish divergence with decreasing momentum, leading to limited volatility and sideways oscillation, repeatedly entangled.

On the hourly chart, the price repeatedly tests and repairs around the middle Bollinger Band, with KDJ and RSI turning upward, while MACD bearish momentum increases. The upper Bollinger Band is opening downward. For intraday trading, the focus remains on shorting high!

Resistance above Bitcoin is at 71,500 and 72,500. Short positions can be attempted around these levels again. Support levels are at 70,500, 69,500, and 68,000.

For Ethereum, resistance is at 2,200 and 2,250. Short positions can be attempted around these levels. Support levels are at 2,150, 2,100, and 2,000.

There are no 100% correct trades, but we must follow the 100% principle: cut losses strictly when wrong, protect capital or move stop-loss when right to maximize profits, and be greedy. This is the risk-reward ratio! Say goodbye to luck, indecisiveness, hesitation, cherry-picking trades, taking small wins and running, or holding large losses stubbornly. Haha, everyone knows these are common human traits, hard to change, so only a few disciplined traders can consistently profit. I hope this gives friends who are still confused and unsure how to profit some inspiration. Let’s progress together with everyone. #Gate上线Pre-IPOs $BTC