3.9BTC/ETH Market View:

Bitcoin previously had 8 consecutive daily bullish candles, rising sharply from around 66,000 to 76,000 in just one day - a gain of nearly 1,000 points in 8 days. Those who caught this wave of low longs indeed made a nice profit. Unfortunately, Zhong Liang was shorting all the way through - the short positions placed around 72,600 were held all the way down expecting 60,000 and 50,000, so after reducing short positions, he continued holding them, resulting in being caught in losses for several days, with a maximum drawdown of over 2,000 points. However, the market is not simply "went up so now it's bullish, let's chase the rally." Zhong Liang repeatedly emphasized the viewpoint above 70,000 Bitcoin: don't chase rallies, there's no good risk-reward ratio. When breaking through the 74,000 resistance, he again stressed: you can choose not to short, but absolutely don't chase the rally - it's too easy to chase the absolute top. Indeed, as expected, the market encountered resistance at highs, various profit-taking and selling pressure emerged at high levels, and the price came to an abrupt halt with a sharp reversal. After two large bearish candles, the key focus now is the daily midline support at 70,000. If this level breaks down, the downside will accelerate! $BTC #Gate13周年全球庆典

Daily Bollinger Band upper rail flattening, MACD bullish momentum continuously contracting, KDJ and RSI diverging lower after overbought at high levels. The strong 8-candle bullish trend is now facing downward pressure. Intraday operations focus on shorting at high levels - either break support and chase shorts.