"Jiangfeng Trading Strategy Diary" Issue 40, continuing to focus on short positions

Currently, the resistance above the market has not been broken, and the support below has also not been effectively breached, overall maintaining a range-bound volatility. From the market, it can be seen that short-term $BTC is under pressure near 80000～80500, as well as near 81300, with the main resistance still around 82600. As long as it does not effectively hold above 828000, I believe there are still opportunities for bears. If it effectively breaks down below 7.7-7.6, it will again open a new reversal trend. Until there is an effective breakout, one should operate cautiously with light positions.

The current market appears calm, but in reality, it hides turbulent waves! The war in the Middle East has pushed oil prices close to 100 dollars, and the specter of inflation is re-emerging. The yield on the 10-year U.S. Treasury has soared above 4.8%, and risk assets are trembling. This Thursday's CPI data will be of utmost importance, with both bulls and bears holding their breath for a verdict!

Technical analysis: The life-and-death game of support and resistance

The current price of Bitcoin is around 78800, and it is weakly oscillating below the middle Bollinger band on the 4-hour chart, with a strong resistance wall forming around 79800-80500. MACD bearish momentum continues to be released, with doubts about the strength of the rebound. Ethereum is relatively resilient, forming a short-term support zone at 2455-2475, but there is heavy resistance above at 2530-2545, and the choice of direction is imminent.

Specific strategies:

$BTC
Refer to the short position near (79850-80500) for opening, with 81300 for addition, extreme resistance around 82600, and defense near 83000. Target to focus on breaking below 78900 ～78000-7700-76000 and looking for 75000-73600 nearby.

$ETH
Rebound at head position short near 2535-2545, adding around 2565～2600, with defense at 2630, targeting to focus on (2450-2430)～2360～2255～2200 nearby.

⚠️: Friends who cannot accept wide stop losses should reduce their position or, after opening their head position, move the addition up by 200-300 (BTC) or 10-20 (ETH) points for defense.

⚠️: The above entry and exit levels have deviations: BTC ±100 points, ETH ±5 points deviation!

⚠️: The current market is in intense confrontation between macro headwinds and institutional support. Before choosing a direction, positions must be light, and stop losses must be strict! The market may experience severe volatility at any time before the CPI data is released.

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