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Crypto Zhongliang: Consolidating at a low level, waiting to gain strength, still shorting at highs during the day!

CN
crypto钟良
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2 months ago
AI summarizes in 5 seconds.

Waking up, gold has reached new highs again and again, and silver has also risen with the tide. In the past, one could think about gold wrapping silver, but now it seems difficult. The end of the year is approaching, and if you don't hurry to get into U, are your three golds, five metals, and nine treasures all ready?

Bitcoin's volatility remains as calm as water. After a rapid decline with six consecutive bearish candles, it has been consolidating at a low level for the past two days. The lower band of the Bollinger Bands has not moved down to create more space, so the price has been unable to drop further. Yesterday, the daily candle closed as a bullish doji star, and after the middle band flattened, it began to slightly open downwards. The lower band, which was previously opening upwards, has now started to open downwards, creating space for a larger drop later. The MACD continues to show bearish volume, KDJ is slowing down, and RSI is oversold at a low level but moving upwards. The trend remains bearish. On the 4-hour level, the rebound has been under pressure from the middle band, with both the middle and upper bands opening downwards. The MACD shows signs of bullish volume, indicating a need for a rebound correction. A rebound is a good thing; without it, how can short positions gain more profit? The rebound is for a better drop, to provide opportunities for adding to short positions, so everyone must cherish the rebound and this opportunity to catch the falling knife!

Pay attention to the resistance at the 90,000 mark above, and then the upper band resistance around 91,700 on the 4-hour level. Enter high positions around here. The targets below are 89,000, 88,000, and 87,000.

Ethereum's daily candle closed as a long shadowed bearish candle. Continue to pay attention to the resistance at the 3,000 mark for the rebound, followed by 3,050 and 3,100. Enter high positions around here, with targets looking down at 2,950, 2,900, and 2,800.

Life is like a clock; it can return to the starting point, but it is no longer yesterday! Every wave of the market is indeed similar, but similarity does not mean the same. Just because you have seen similar market conditions does not mean you will sail smoothly from here on. The worst thing in investing is impatience, and the worst is impulsiveness. When analysis becomes a task and investment becomes a burden, you have already deviated from the path. Facing the fluctuations of candlesticks every day feels like being on the battlefield, turning what was originally elegant into something mundane. Don't walk forward while looking back; otherwise, all you will see is tears and sadness.

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Selected Articles by crypto钟良

8 hours ago
Crypto Zhongliang: 3.24 BTC/ETH Market Viewpoint
1 month ago
Bitcoin is fluctuating sideways, and it's time to make a move again. The strategy for high shorts remains unchanged for next week!
1 month ago
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