Perfect weak validation, a textbook for risk control at the bull-bear divergence point.
Yesterday locked in 62510 as the bull-bear lifeline,
clearly indicating a weak rebound.
Today, the market played out a classic dead cat bounce.
Thanks to our strategy, we had our stop-loss set to cover costs,
our ETH long position successfully dodged the turbulence,
securing profits.
BTC 2-hour chart: The price ruthlessly broke below the middle band of the Bollinger Bands, nearing the lower band, with RSI 6 crashing down to 32.06 in the oversold zone.
A typical dead cat bounce formation,
weak rebound followed by further downward probing.
Resistance levels at 71390, 67580, 64390
Support level at 59090.
ETH 2-hour chart: Sliding down along the lower band of the Bollinger Bands with increasing volume, RSI 6 is in the extreme panic zone at 23.75.
Bollinger Bands down, RSI 23.7
Resistance levels at 1910, 1825, 1689
Support level at 1505.
Tonight's CPI data is set to hit hard, with wild fluctuations and spikes expected to be exceptionally brutal.
Today's core strategy remains unchanged: a rebound is just fuel for the bears, continue to short the trend.
Yesterday locked in 62510 as the bull-bear lifeline,
clearly indicating a weak rebound.
Today, the market played out a classic dead cat bounce.
Thanks to our strategy, we had our stop-loss set to cover costs,
our ETH long position successfully dodged the turbulence,
securing profits.
BTC 2-hour chart: The price ruthlessly broke below the middle band of the Bollinger Bands, nearing the lower band, with RSI 6 crashing down to 32.06 in the oversold zone.
A typical dead cat bounce formation,
weak rebound followed by further downward probing.
Resistance levels at 71390, 67580, 64390
Support level at 59090.
ETH 2-hour chart: Sliding down along the lower band of the Bollinger Bands with increasing volume, RSI 6 is in the extreme panic zone at 23.75.
Bollinger Bands down, RSI 23.7
Resistance levels at 1910, 1825, 1689
Support level at 1505.
Tonight's CPI data is set to hit hard, with wild fluctuations and spikes expected to be exceptionally brutal.
Today's core strategy remains unchanged: a rebound is just fuel for the bears, continue to short the trend.