Reviewing the day’s market action, BTC maintained high-level consolidation in the morning, then came under pressure and pulled back after rising to around 80,500 in the afternoon and evening. ETH moved in sync with BTC, with long positions continuing to increase volume in the evening and reaching a high near 2,566, refreshing its recent high. Live trading during the day mainly focused on high-level ultra-short-term shorts around 79,000. Although the short position opened at 79,500 in the evening was stopped out, the setup was subsequently adjusted dynamically based on market signals. Both the long and short trades provided room of more than 1,000 points, with today’s live BTC trades capturing over 2,400 points and ETH nearly 160 points. Plans can be written in advance, but setups must be flexibly adjusted according to market conditions. Do not let subjective convictions hijack your trading. Respect market signals and adjust your setups in a timely manner to move more steadily and further.
From the current market structure, 83,000 is a level the bulls must fight to defend. Only after holding above it can the bulls further expand their offensive advantage; if they fail to break through for too long, one must beware of a long liquidation cascade. On the four-hour chart, although the lows are rising, the highs have consistently failed to effectively break through the resistance above. This is a typical rising wedge that could easily reverse downward. The MACD is showing signs of bearish divergence above the zero line, with the highs of its two lines moving lower, indicating that bullish momentum is gradually weakening.
Open short positions on BTC in the 80,800–81,300 range around midnight, targeting around 78,500
Open short positions on ETH in the 2,530–2,560 range around midnight, targeting around 2,450#老用户1BTC回归礼 $BTC $ETH