High altitude and low volume, these four-character mottos are just right for the current market.

Since March 2024, Bitcoin seems to have fallen into a chaotic spell. It no longer has a clear trend to follow, but is replaced by endless shocks. The painting gate and V-shaped reversal are extremely popular during this period, like mysterious magic frequently performed on the trading stage. Investors are sometimes caught off guard by the sudden decline, and sometimes they usher in a dramatic V-shaped reversal in despair. The light of hope is ignited instantly, but they fall into new confusion in a blink of an eye. In this case, they can only reduce the trading frequency and choose a band with higher certainty for trading.

This time the decline came so suddenly. I stayed up all night last night. Fortunately, I didn’t miss today’s wonderful moments. At 5 and 6 this morning, the market fell rapidly. The lowest point of Bitcoin price was around 57,900, and it fell more than 7,000 points from 65,000. The long army suffered another blow, and there were many orders that were constantly exploded. It can be seen that the main force’s intention to wash the market is obvious!

After repeated tossing and turning, the entire high-level consolidation is a parallel space, so no one should be able to refuse to go short near 65,000. Anyway, those who follow Wanxin should not have missed this round of high-altitude opportunities. Last Friday, Bitcoin rebounded near 65,000, and I had already arranged a medium-term short position, and it was also very clear in the daily articles that below 65,000, we must firmly implement the bearish attempt, and the target of 62,000-60,000 is fully realized. The plunge this morning was an unexpected surprise, and even if the stop loss of 66,000 was hit, there was no regret. This is a trading method and mentality for making a medium-term layout!

For Ethereum, it is indeed a short position at the highest point, 2800-2820 short, and last night it was mentioned to look at 2500, 2300, and the low fell below 2400. In the morning, our medium-term layout was completely cleared. Of course, there were also some short-term operations in the middle, some of which were profitable and some stopped losses. This is the short-term operation.

In this round of operation, no matter how much it rises or falls, the market will continue to be pulled back into the range sweep. So, what we need to pay attention to next is that what remains unchanged is the sweep, and what changes is the space. Pay attention to the spatial dividing line!