2.3BTC/ETH Market Outlook:

The market rebounded after stopping at 74,555 yesterday, reaching a high of around 79,311, a rebound of about 4,800 points. If you managed to catch this long position, it’s indeed impressive. However, for those who want to catch a long move, it’s a gamble, not a strategy. It’s not about constantly bottom-fishing and stopping out along the way, finally catching one. I, Zhongliang, have never touched long positions. Previously, I took a swing short from 94,000 and 98,000, holding steady around 75,000. When the short positions were established, I took profits without reversing. That’s not my style; I prioritize stability. Bottoms are never bottomed out by guesswork but are validated over time and built up gradually. Last night, I provided a short at 78,500 and 2,380. This morning, the lowest was around 77,566 and 2,282. This short was also profitable, no problem at all! As for the rest, I won’t go into much detail. Whether to reduce positions is up to everyone. I can’t provide real-time alerts, as posts are delayed, and the market moves in real time!

Bitcoin daily K-line shows a long lower shadow candle, ending the previous four consecutive bearish days of sharp decline. The price is above the upper and lower bands, but all three bands are trending downward with an opening downward. MACD bearish momentum has decreased but is not exhausted. KDJ and RSI are flattening and slowing down. After an oversold condition, a rebound and correction are normal. However, if the bullish volume is insufficient, the market could continue to break down again. The 4-hour chart shows the price under pressure at the middle band, which is also opening downward along with the upper band. The hourly Bollinger upper band is also opening downward. The price faces heavy resistance above, with KDJ and RSI turning downward. The bullish momentum is gradually diminishing over time. If you hold long positions, take profits and reduce your positions, then switch to a break-even or small-loss stance. Today’s trading strategy remains to short on rallies!

For Bitcoin intraday, focus on resistance at 78,800 and 79,500, followed by 81,000. Consider short entries around these levels, with targets at 77,500, 76,500, and 75,000.

For Ethereum, resistance is at 2,380 and 2,450. Short entries can be made around these levels, with targets at 2,300, 2,250, and 2,150.

Finally, I want to emphasize that the current market does not support a swing short position. If you have profits on shorts, be sure to reduce your positions promptly. For Bitcoin, take profits at 1,000 points; for Ethereum, at 50 points. Reduce your positions once. The market is likely to be volatile, with sideways movements and oscillations, tempting traders to chase. Therefore, take profits timely, add to positions on rebounds, and manage your risk properly! #BTC何时反弹？ $BTC