Good morning to all the brothers and sisters in the circle, I am Kai Ge. Today is April 7th, Tuesday.
Recently, with the fluctuations and decline of the market, Kai Ge received a flood of private messages in the background, and the most asked question by everyone is: “Kai Ge, has the price dropped enough now? Can we enter the market to buy at the bottom?”
Some friends are watching the market slightly rebound, afraid of missing out on a billion, and they are rushing in. Today, Kai Ge directly puts the conclusion here: Spot buying at the bottom is definitely not the time now! Control your hands, don’t rush to send money to the main force!
📉 Trend analysis: The bottom is still far away, patience is the primary productivity.
In trading, one must broaden their perspective. Looking from a larger cycle, although the recent decline is not as fierce as before, turning into a gradual downward trend like boiling a frog, the overall bearish structure has not undergone any fundamental reversal.
Kai has repeatedly deduced before that the true 'golden pit' of this adjustment, where we should gradually build positions on the left side, is in the deep water area, at least waiting to see Bitcoin break below 50000 or even approach 45000. Although the current price has pulled back somewhat, there is still considerable space before reaching the true bottom support area.
Before the trend has completely played out and there is no clear bullish reversal signal established at the bottom, blindly entering is like catching flying knives with bare hands. True experts spend most of their time waiting in cash. The only strategy for spot players now is to wait! Wait for the panic selling to emerge, wait for the main force to hand over the blood-stained chips!
⚔️ Intraday market projection: Bears dominate the overall situation, avoid counter-trend bottom fishing.
Long-term spot cannot be moved for now, so how to operate intraday short-term?
The current market characteristics are very obvious: the upper pressure is as heavy as a mountain, while the lower support continues to decline. The main force is repeatedly drawing doors at this position to wash the market, with the aim of exhausting the last patience and capital of the bulls.
The key resistance range for Bitcoin is 74,000 to 76,000, which is also the position of the weekly Vegas channel 1. This is currently a strong resistance level; if it does not break, then we look for channel 2 to break down and start doing DCA.
🎯 Intraday core idea: Short at highs, abandon all short-term long fantasies.
• Absolutely do not go long: In such a standard bearish arrangement, trying to seize a rebound is the most dangerous operation. You think you caught the bottom, but it is just a rest station halfway up the mountain. Betting on long positions against the trend not only has a poor risk-reward ratio but is also very easily swept into losses repeatedly.
• Patiently wait for high short positions: Our operation should still be like a sniper, patiently waiting for prices to rebound and test the key resistance area above. As long as a rebound shows signs of stagnation or resistance leading to a drop, decisively enter and short it in line with the trend! Defense can be placed directly above the key resistance level, which is also the most certain and comfortable position to profit currently.
💡 Kai's summary
In the trading market, what is more difficult than judging right or wrong is the patience to integrate knowledge with action.
Spot players, please continue to remain hidden, protect the bullets in hand, and do not engage until the bottom area mentioned by Kai is reached! Contract players strictly execute the high short strategy in line with the trend, maintain stop-loss, do not bottom fish, and do not hold positions.
The market is never short of opportunities; what is lacking is people who have the patience to wait for opportunities. That's all for today, everyone adjust your mindset, and let's steadily profit in the market!