Good evening everyone, I am Xin Ya. The market on Monday was quite chaotic, with two main players involved. It's actually normal for the market to react this way. Otherwise, it would be too easy for retail investors to make money.

Last night, the main coin was around 68,500, bouncing up 2,500 points to 71,000 before declining, and today's daytime session has already pushed it down. The main operational range is exactly the up and down range from February 8th, between 2125 and 2005.

As we can see, after the main coin reached above 70,000, its strength clearly weakened, with the MACD and trading volume moving in opposite directions. The one-hour MACD histogram at the zero axis coincided exactly with the round number of 70,000, where it faced no doubt resistance. The period from 10 PM to 9 AM was clearly a selling phase. We mentioned yesterday that the main coin could be shorted at 70,000 and boldly shorted at 71,500, but the rhythm synchronized with Ethereum has been disrupted. Overall, it's balanced. There's nothing much to say about the future market; our view remains unchanged, leaning towards bearish fluctuations. After the large range of Ethereum exhausted the bulls, the rapid retreat makes it hard to give confidence to the bulls.

For the future market, we maintain a short position at the round number of 70,000 and add to the short at 71,200. Looking below, we see 66,800, and if it breaks that, it will look towards 65,500. For a rebound, we'll take 65,800 and can only aim for 68,200. Set stop losses at 64,800. Overall, the trend leans towards fluctuations, and there must be a drop before the Spring Festival. It’s the same every year. In the future market, we can regard 70,000 as resistance; if the market needs to rise well, a reasonable way would be to build a midpoint around 67,500 with a fluctuation of plus or minus 2,000 points. We can just focus on the left side.

Last night’s rhythm for Ethereum had three pivotal points, which are 2050, 2086, and 2120. The positions where these three segments faced resistance and were sold off are 2120, 2068, and 2030 respectively. The rhythm shows that the higher it goes, the weaker it gets, while the lower it goes, the more momentum it has. The strength of the rebound can be viewed as a liquidation around the high leverage short positions near 2,100. In the future market, entry points can be around the pivotal points, shorting at 2050, adding at 2086, and setting a stop loss at 2121. For a conservative approach, short at 2086, add at 2120, and set a stop loss at 2150. Below, watch for a test of 1968; if that breaks, the next rhythm will continue to the next stage, where there may be support at 1920. There’s a possibility to dip to 1886 and then see some rebound.

The expected main range for recent fluctuations is also projected to be a large area between 1880 and 2080, spanning around 200 points. In the short term, we mainly handle shorts; for a rebound, either take heavy positions at key points with minimal loss, or take light positions divided into two segments to add in, with the worst expectation being a loss. This approach will yield results similar to yesterday, meaning you might not gain much, but it would be particularly difficult to incur large losses overall.

This year's target has been achieved, heading into the Spring Festival. Public account: Xin Ya Talks on Chan

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