Woke up to find that the bears have been liquidated for a lot of chips. In the past 24 hours, short positions lost 3.1 billion USD, while long positions only lost 120 million USD. Looking at the hourly chart, the market had a narrow range fluctuation during the day yesterday, doing quite well, but suddenly two large bullish candles took off at night, and the price once surged to the 94455 level, scaring the bears so much that they were trembling! I wonder if everyone managed to cover their shorts and raise the average price? Bitcoin is okay, but looking at Ethereum, it was even fiercer yesterday, as this little sister-in-law surged directly from 3090 to the 3397 level. Most short positions should have been stopped out. Those who originally shorted at 3100 always thought the price was too low, and now they finally managed to cover.

The Bitcoin rally is not a trend reversal, but rather a result of too many recent short positions. The chips have not been cleared yet, and after each previous rally, there was a sell-off that mostly cleared the bullish chips. Therefore, a slight rally is needed to allow the bulls to enter the market. The recent market has been fluctuating; after each rally, there’s a sell-off, and after the sell-off, there’s another rally. The liquidity is insufficient, and the dogs repeatedly wash the market, consuming chips back and forth. So everyone should definitely avoid chasing highs and cutting lows in their operations!

Bitcoin's daily K-line has three consecutive bullish candles, but they are all bullish candles with upper and lower shadows. Yesterday, the rally briefly tested the upper track of the daily K-line resistance, and the current price is under the upper track pressure, in the process of oscillating and repairing. On the short-term four-hour level, after surging to 94555, the price broke through the upper track resistance, followed by two consecutive bearish candles. The MACD shows a decrease in bullish momentum, the KDJ has formed a dead cross at the high level, and the RSI is overbought at high levels, now trending down. It is not recommended to continue chasing highs at high levels today. Even if you are not optimistic about the bearish trend, one should wait for a retracement to test support before considering participation!

For those without short positions, pay attention to resistance at 93700, 94500, and 96700 above. If there is a pullback below, focus on support at 91800, 90300, and 88000. This is the short-term target. If 88000 breaks down, then you will need to test 86000, 84000, or even 80000. For those trapped in short positions, manage your positions well, and add to your positions at least 2000 points apart. After adding, ensure that the margin is controlled at over 10% to be considered safe.

Ethereum's daily K-line is stronger, showing a four-day consecutive upward trend. Yesterday, a large bullish candle pushed it up, directly breaking through the 0.5 (3138) and 618 (3260) levels. Currently, there is resistance at 786, around 3433. Yesterday's high was around 3397, where it was blocked. The current price is around 3320, fluctuating near the upper Bollinger band. On the four-hour level, it has surged and then pulled back, indicating a need for a retracement. The intraday strategy remains focused on short positions. If you missed the long positions, do not chase the highs. Pay attention to resistance at 3380 and 3480 above. Arrange your short positions around here, and if there is a pullback, support should be watched at 3230, 3150, and 3060 below. Only if it breaks below 3000 can we look down towards 2900, 2820, 2730, and 2620. Ethereum tends to rise and fall more violently, so be sure to manage your positions well. When adding positions, do so every 200 points, keeping the position control below 10%. This 10% refers to the total position across all varieties, not each variety being 10%, so arrange positions reasonably.

The recent market is just a back-and-forth between bulls and bears. In terms of operations, Zhongliang mainly focuses on short positions. The wheel of fortune turns, so it is essential to manage your positions and avoid chasing highs and cutting lows; otherwise, being hit back and forth will be unpleasant. After the dogs have finished liquidating long positions, they will short, and after liquidating short positions, they will go long again. So, don’t feel like you are a sinner when you short while holding long positions, and don’t laugh at the bullish traders when the market is falling. They are all just fifty steps laughing at a hundred steps, mutually fulfilling each other, and serving as valuable friends. Whether long or short, both can profit; it just depends on where to enter and where to exit!

Aspirations should be far-reaching, while goals should be closer. Instead of lying down and dreaming, it is better to gradually approach your dreams; choices should be far-reaching, while actions should be closer. Perseverance will lead to success, while aiming too high is all empty; connections should be extensive, while interpersonal relationships should be close. Interests drive not deep friendships, but those who resonate with your heart are true friends. Without a cocoon, one cannot experience the joy of breaking out; without risks, one cannot experience the grandeur of being at the top; without failures, one cannot forge a shoulder that grows stronger through setbacks. In everything, if you have no regrets in your heart, you need not worry too much. Live for yourself, no matter how perilous the journey, how difficult the steps, do not passively change yourself. Only in this way can you be unique and stay true to your original intentions until the end!#加密市场反弹