Summary of previous messages
After opening a short position around 610 in Bch, now at 600 to break even with a loss
This is to avoid a spike upward. If the mainstream breaks through upward and causes a spike, Ethereum might reach 3180. At that point, Bch will be hit with a stop loss, incurring only a 10-point fee.
Afterward, you can short Ethereum again at 3180. After retesting 3180, you can go long below 3000.
This is a predicted trend.
Of course, it might also just not play out and drop directly next week, in which case Bch won't be hit with a stop loss and will fall along with the mainstrea

I'll hold it for now. If it drops directly, I'll buy BCH; if it's a false breakout, I'll open an Ethereum position.

My BCH stop-loss is set at 600, for now that's it.

The resistance level above 2980 on Ethereum has not been broken for a long time. I really want to short, but this level has been tested multiple times for a breakout. Large positions are not ideal, so I'll open a small short position first, just as if I'm buying a late-night snack.

BCH one-time short, I personally didn't set a stop loss. I climbed up and added to the position. The purpose of the break-even stop loss is that if you regret opening the position, it can be treated as if you never opened it, and even the transaction fees can be recovered.

There are actually many short positions that can be cleared above the market funds, and they are relatively close, such as Bitcoin at 90,000 and Ethereum at 3098. It's also uncertain whether there will be a malicious surge before a drop.

This morning, when I said to empty BCH, it was still hovering around 610. Now it's below 600. Set a break-even loss so you don't have to worry about it.

BCH reached a high of 650 at Bitcoin 126,000. This morning, it surged to 630, just 20 points away from the bull market high. Not falling doesn't mean it won't drop; a 1x short is possible.

BCH has a strong resistance to decline. It repeatedly attempted to break through but was pushed back each time. You can directly try a 1x short position; if it breaks upward, continue adding to the short position. I have entered a position first.

Sometimes I find the US stock market quite speechless. Usually, at this time, the domestic market is sleeping. Long-term investments don't really matter, but it's extremely unfriendly to short-term traders.

If unable to break through, then pull back below 2800 to do long positions in smaller portions.

Omit analysis, current action as follows:
Ideally, 20% position short at 3180, if it reaches 3180, then a pullback to 3000 can be considered a buying opportunity.

2980 was the short position available yesterday, assuming the Japanese interest rate hike issue is under control. Now that the bearish news has been fully priced in, even if I still want to short, the 2980 resistance level has a higher probability of being broken after being tested multiple times, so the position size should be smaller. I am not willing to take this risk.

Japan's rate hike has been implemented. Since it has already fallen in advance, there was even a rebound, but this is not the bottom, so don't buy in. It is estimated that it will go down further.

Last night’s order indeed wasn’t filled. Even after I went to sleep, the market still gave another opportunity and rose back above 2980, with a high of 2997. Honestly, I don’t feel too regretful because the order I placed was for 3000. Even if I hadn’t gone to sleep, I probably wouldn’t have entered the trade; maybe only you guys who are short could have taken it.
When to bottom out?
I’ll skip the detailed analysis here because it’s quite complicated and I’m busy.
In short, 2800 is not the bottom; we need to watch the market trend after the rate hike.
Furthermore, liquidity is too low. In the

The judgment is fine, and it ultimately went down, but looking at the candlestick chart, it only dropped at 1 a.m. Who can withstand this market?

The order has been canceled, I can't keep my eyes open, and I can't go higher. I'm going to sleep now.
The purpose of this short position is to take advantage of the CPI release, then pull back, and also to benefit from Japan's interest rate cut tomorrow. It's okay if I can't catch it.
If I miss it, it's okay. Anyway, I haven't made it yet.
Next, after Japan's rate hike tomorrow, I'll wait quietly for my message. I will call for a bottoming.

Secondly, after the positive news came out, I did some quick calculations and planned to open a short position above 2980. Although there were three opportunities above 2980, due to my reliance on US stocks, I didn't take any of them. If I don't get filled before going to bed, I will cancel the order to avoid overnight risk, which is more stable. If it gets filled, I will adjust to a capital preservation loss.

Regarding the outlook for Japan's interest rate hike tomorrow morning, I have an important class at that time, so my views are as follows:
The previous two times Japan raised interest rates, the market crashed by about 20% to 30%. Based on experience, this time may also continue to decline. These are the lessons from the past two instances.
This time, somewhat unusually, the market has already priced in the likelihood of an interest rate hike, with about a 98% probability, almost a certainty.
Therefore, it’s hard to rule out the possibility that negative news will be followed by a quick reboun