"Jiangfeng Trading Strategy Diary" Issue Thirty-Two
Recently, the volatility in the cryptocurrency market has been really low, and there is no desire to watch the market, but having been flat for so long, it should be about time to break out. Last week, in the twenty-fifth issue on Monday, Bitcoin dropped from 65300 and in issues 26 to 30, it has been rising steadily. Currently, the price is once again stuck around 64200. I still believe that without an effective breakthrough above 66-67, we should still view this from a bearish perspective.

Bitcoin's daily high has rebounded around 65000, leading to slight losses in the previous 29 issues' shorts at 64100-64800-65700, as well as the 31st issue's shorts at 63700-65200, which are still experiencing minor losses. For now, let's hold on. The resistance above has not diminished yet.

Everyone is currently focusing on U.S. stocks, and I've recently looked at SanDisk. Well, the volatility is indeed much greater; I guess people have gone to play with U.S. stocks. Last week, there was a straight-line stretch. I advised everyone to try shorting around 1765-1870. Afterward, it rebounded to 1826 before gradually dropping, now arriving at around 1565. Be sure to reduce positions in time before attempting to speculate again. I estimate this pullback will target around 1500.

Those without positions can continue to reference the resistance levels above to layout in batches.

BTC: Reference shorting near the upper resistance at 64500- (65200-65700), target to pay attention to reducing positions around 63500-62600, and continue speculating on remaining positions around 61300-60800 and near 59000.

ETH: Reference shorting near the upper resistance at 1920-1935, add to shorts at 1960-1980, target to focus on reducing positions around 1870-1850, and continue speculating on remaining positions at 1780-1720 and near 1680.

Recently, since the volatility is low, I will just briefly say a few words. Remember that on-chain indicators show that the market has currently entered an undervalued stage, so shorts should participate with light positions!

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