[The big coin dropped 4500 points in a single day, a large bearish line is confirmed, and the rebound continues to short!]
Yesterday, Old Jin said that the market is like stepping on a watermelon peel, wherever it slips is where it goes.
As a result, today it directly fell 4500 points, and the daily line closed with a large bearish line. The bears were not polite this time, the pattern was pushed to the maximum.
First, congratulations to the friends who followed and gained big profits, so can we continue to short from here?
Old Jin's view is very clear: a bottom rebound does not mean a trend reversal, the top structure has already been quite standard, and the high short strategy can continue to hold.
From the daily line, the top shape is gradually becoming clear, and the bearish strength is taking the initiative. Even if there is a short-term rebound, it temporarily cannot change the overall weak pattern.
Friends who haven't entered the market should not rush to short; wait for the rebound to provide opportunities.
Specific strategy:
For the big coin rebound at 78000~78800, continue to set up short positions.
Short-term target 76500.
Medium-term target 75500.
Looking back at this week's market, Old Jin's rhythm is not complicated:
Last Saturday, BTC 79300 and ETH 2290 bought long at market price, and it went north all the way.
This Monday and Tuesday were decisively bullish, and from Wednesday to Thursday, precise high shorts were set up, capturing the market situation of breaking 76500.
Switching from long at low to short at high, the core is always to follow the market, not to be led by emotions.
This week's market is not difficult at all; the difficulty lies in whether you can execute after identifying it.
Remember: do not chase up, do not sell off, and do not make decisions when emotions are strongest.
If your operations are not ideal, you are welcome to communicate with me; there is no need to stay up all night or keep an eye on the market in real-time, you just need to follow my lead and strictly execute the operations.
The market gives opportunities, we take action; the market does not give opportunities, we patiently wait.
I am Jin Zhechuan, acting in accordance with the trend, strategizing behind the scenes.
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