The anticipated rebound happened with a surge in long positions, maintaining a consistent pattern with our earlier estimates; currently, as long as signals indicating no interest rate hikes are released, it will lead to a wave of short position cleansing. Yesterday also aligned with the CPI signals, bringing Bitcoin to a short-term high of 79859, and at the daily level, it is currently in a correction phase after hitting that high, with the closing price being within reason at 77191 (BN8-8 time). I won't go into theoretical knowledge, but let's discuss the methods of response. The harm done to contract users yesterday still exists; once a bear trend is confirmed, how to short is what investors should consider. Old Cui's earlier idea was to prepare short positions around the 80,000 mark, which is a pre-emptive setup. Most users who communicated with Old Cui last night to today have not yet entered the market; if everyone is still looking to enter, then the next entry point shouldn’t target 80,000.

We can only focus on short-term operations; in terms of understanding short-term, Old Cui sees more people choosing to base their trades on minute charts, such as ten-minute or fifteen-minute charts. Old Cui's short-term perspective is based on daily charts; the shorter the time frame, the closer it gets to gambling. To speak directly, the judgment on minute charts is psychological, and Old Cui cannot gauge it precisely. This psychological aspect must strictly adhere to operational guidelines. For simple examples, as with yesterday's market, if one chooses to short at the minute chart level when breaking through the 78000 mark, there is a clear golden cross phenomenon, which should lead to pursuing long positions afterwards. The daily chart did not show any long signals; the four-hour and hourly charts just gave a long signal and immediately formed a wave of correction. Taking the minute chart as an example, if one breaks through 78000 for stop-loss on shorts and pursues long positions, then around 78300 one should take profit. At this position, most friends will encounter a question: should we expand profits?

Once this question arises, one will refer to the daily, four-hour, and hourly charts. As long as one observes the daily level, one will find that the 78300 position is at a low level on the daily chart, and at this point, the psychology shifts accordingly. Looking at the four-hour chart, probing the 76000 mark forms a clear bottoming; at this time, the market is bound to erupt. The hourly level doesn’t need much discussion; after bottoming, the appearance of a significant bullish candlestick pulls the averages and Bollinger Bands in the direction of long positions. This series of data is sufficient to support everyone in holding on, leading to dreams of getting rich; at this point, there is no thought left to guess why the CPI met expectations. Therefore, the pathway given to everyone is to either go long or continue to hold. Once the choice is made to continue holding or enter long positions, this trade can form a complete entrapment, as the signals provided thoroughly point towards bulls, until reaching the high of 79859, where everyone starts thinking about breaking through 80,000 and continuously expanding profits, leading to a trend shift.

This explains why there were trapped positions or losses yesterday; how should we face such market conditions? The users who are with Old Cui tend to lean towards going short; when Bitcoin hit 78000 and Ethereum 2500, they were asking if they could short. Old Cui's answer is to stay put; this kind of market is purely for harvesting. The explosive news cannot be estimated linearly. The combination of the two can only be arranged before the market starts; once activated, there is no operational space. Regardless of whether it’s longing or shorting, yesterday would lead to losses; the most appropriate place to take profit on the minute chart was at 78300, while the daily and four-hour charts had no entry opportunities. The hourly entry opportunity was between 78300-78500, leaving insufficient time to take profit. In other words, the only profitable scenario was at the minute chart level, yet profit could only maintain around 300 points. Once profit is made and the market surges, everyone would still choose to enter; as soon as they re-enter, it leads to profit loss, even principal loss.

Next, Old Cui provides a solution for users who are already trapped; the timing to untrap long positions is today. Find a sufficiently high position to cut and let go of the long position while choosing to enter short positions; losses can be recovered. Currently, the time for bullish repairs will not exceed two days; this is the only opportunity. Old Cui does not recommend waiting for the Federal Reserve meeting's decisions, although this is an excellent opportunity for untrapping; users who suffered losses yesterday are likely to be those who cannot strictly follow the rules. Even if the same market reappears, no one can convince themselves to untrap their positions before intense fluctuations, and once the impact of the news is over, focusing on placing short positions for profit is what everyone should consider. For those who have not entered the market, their next step is to look for high positions for short setups; today is a good opportunity, and it is highly likely that a wave of short-term bullish rebound will form; in these two days, it is essential to enter and lay in ambush.

This action must continue until the Federal Reserve meeting’s decisions and clear legislative outcomes are announced; during this time, certain highs will also form, so keep the positions small and continue to supplement as needed. After the results are announced, positioning should be laid out to make up a total of 5%-10% for sufficient profit; the ultimate profit target is around the 70,000 mark, which is a medium-term layout. Long-term holding is not recommended unless this interest rate meeting shows signals of an interest hike cycle; if an interest hike occurs, positions can be held until between 60,000-65,000, and Ethereum can be held around 1900-2000. For medium-term layouts, strict adherence to taking profit and cutting losses is necessary; do not be too eager to exit upon seeing profit nor be fearful when seeing loss. Old Cui is full of confidence in this layout!

Original creation by WeChat Public Account: Blockchain Science. For assistance, feel free to contact directly.

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