Good evening everyone, I am Jiang Xin. I apologize, I must sincerely apologize to everyone. I forgot my identity as a lantern bearer because my operations were disturbed by my positions, which threw me off balance. Yesterday, I had four losses and two wins, and I mismanaged my mid-term positions, leading to a persistent one-sided short during the intraday consolidation, which did yield some results. So, I am very sorry to everyone. I will take the time to adjust myself. The feeling of the market comes from confidence, and confidence comes from results. Many people are cautious and panicked when opening positions, often because they have not achieved results before. Everyone is the same, and this is the only fair aspect of the market for everyone. I hope everyone can navigate through the market and dominate in the confrontation with fate. May you all gain enlightenment soon. I will write about the evening market later. Well, I hope everyone gets better.

Good evening everyone, I am Jiang Xin. Recently, my condition has not been good, and the market is unclear. Let's briefly review.

Last night at nine o'clock, Ethereum started a six-day rise, clearly facing resistance and running with reduced volume around 4120. The night session to the morning session was mainly a narrow range of fluctuations around the 4120-4060 zone, focusing on the battle above 4000 for 4100. The one-hour EMA7-30-120-144 focused on the 4100-4120 range. At four in the afternoon, after a rebound spike to around 4215, it quickly fell back. From five to nine in the evening, there were six consecutive declines, with a spike down to around 4010. This just expanded the range around 4110 by a hundred points up and down.

In contrast, Bitcoin has repeatedly tested the 113500 range and faced resistance. The main intraday fluctuation range is also around the one-hour EMA30. Starting at five in the evening, there were six consecutive declines in one hour, piercing the lower band of the one-hour Bollinger Bands down to around 110600, and it has now rebounded to around 111800. From this, we can judge that both Bitcoin and Ethereum are competing for ranges, deciding the next direction. This period lacks significant capital participation and clear guidance, so we will handle it with wide fluctuations in the intraday range.

It is recommended to focus on the old range of Bitcoin at 112500 and 113800, while below, pay attention to 111500 and the 110000 mark.

For Ethereum, focus on 4040-4120-4185 above, and 3950-3885-3750-3680 below.

As for Bitcoin, short at 111800, add at 112800, and stop loss at 113800, looking down to 110000. If conservative, you can take a rebound at 109000, aiming for a segment at 111200, with a stop loss at 118450.

Due to the moving averages competing, the current confrontation may continue to run narrowly. The moving averages currently have a damping effect, so we will mainly take the 3950-4100 range. The wide range will continue to be 3850-4200. For intraday short-term, buy at 3960, stop loss at 3918, aiming for 4050. You can also lightly short at 4080, adding at 4120, with a stop loss at 4185.

In the medium to long term, my inclination is always bearish. You all know what Jiang Xin experienced before the 11th, receiving the gift of a black swan, and this range is highly similar to the structure from the 12th to the 14th.

The worst outcome is to walk through the structure of the 14th to the 15th again, rebounding to 4200 to recreate a segment. We do not consider this possibility. For the medium to long term below, refer to the 3650 given on the 12th. The recent market has been highly controlled. Let's see if we can reach the target by mid to late this month. Since it overlaps with the main range of fluctuations, taking the given range for swing trading is the most stable. It is best to handle it with shorts.

Whenever the frequency of mistakes increases and I make errors, I will start over completely. I self-deprecatingly smile, calling myself a lantern bearer, a whistleblower, but I am just a slightly larger piece of chives like everyone else. A person can only accept failure to begin anew. The phoenix must undergo a rebirth through fire; the market's test is like a raging fire that burns through those without composure. But can one withstand the flames with composure? Many have been burned to the bone, so learning to avoid risks is an important part of dealing with risks. I can no longer walk with a big knife, but rather take out a small knife, occasionally making a cut on the whale. As the whale has not swallowed the sea, the sword's energy has already crossed autumn. Since I have chosen this path, I must have the necessary awareness to deal with every possibility. Breaking the shackles of fate, for ordinary people, besides the crypto world, is there any other way to turn things around? There may be many, but do those within the circle have other choices? It depends on personal perspective; you know better than I do.

The market is changing rapidly. At nine-thirty in the evening, while editing my thoughts to enter the market, this article could not be synchronized, and the points have already been adjusted. At that time, Ethereum was still around 4100, and it has now reached the target of 4000. However, everyone has already witnessed it.

Recently, the wind direction has changed too quickly, so it is advisable to keep a close watch on the market. Official account: Jiang Xin on Chan.

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