Jiangfeng Capital: After BTC 8 2 6 0 0 breaks through, do not blindly short anymore!

CN
3 hours ago

"Jiangfeng Trading Strategy Diary" Issue Forty-Nine

In the past two days, the market has completely gone beyond expectations, with BTC rising from around $80,000 to nearly $87,400, and ETH breaking through $2,600 and then approaching $2,800.

In particular, BTC ETF has recently seen continuous large net inflows, with a single-day net inflow close to $1 billion on September 21, indicating that this wave of increase has clearly been driven by significant spot funds.

All subsequent strategies will clearly mark entry and exit points, as well as specific narrow stop losses. I hope to strictly implement this, letting go of all obsessions, starting only from fundamentals and the market, no longer letting my current position dictate my thinking!

Now, I can no longer simply look for short opportunities based on previous rebounds. I have exited all my positions and returned to rational analysis; holding no positions can completely physically isolate my obsessions.

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BTC is currently at 86,500. The first short-term support is seen around 85,000—85,500. If it stabilizes here on a pullback, consider going long, with a stop loss below 84,000.
Target areas are 86,600~88,500~89,500~90,900~91,800.

If it continues to surge directly, pay close attention to the 89,500—90,900 area. If there is a significant surge followed by a drop, consider trying a small short position, with a stop loss above 92,000. Target areas are 88,000~86,500~85,000.

ETH is currently around 2,760, which is close to an important resistance area from earlier. It is not recommended to chase long positions in the short term. The first support is between 2,680—2,720.

If it stabilizes on a pullback, consider going long, with a pullback to around 2,720—2,680. Stop loss below 2,635, with target areas at 2,790~2,865~2,900.

If it surges directly to 2,865~2,910 and there is a significant surge followed by a drop, consider trying a short position, with a stop loss above 2,930. Target areas are 2,800~2,750~2,680.

ETH's technical structure has clearly strengthened, and 2,800 is also an important position of market focus. If it effectively breaks through, further upward space may open up.

⚠️ Shorts should be taken with small positions, strictly executing stop losses, with a focus on longs!

The most important thing this time is: the market has changed, and trading strategies must change accordingly. We cannot insist on waiting for it to drop just because we have previously been bearish.

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