Friday, choppy and slightly bearish—expect the continuation of the shorts~
The best part of trading isn’t how much you make, but having figured things out in advance, and the market happens to move exactly as you expected. This “unity of knowledge and action” feeling is more addictive than the numbers themselves. Judging from yesterday’s real price action, the market perfectly played out the “spike up and then retreat, pull back and then surge again” oscillation rhythm. After facing pressure in the 64,000 area, price moved downward, reaching a low around 62,800. Our first target at 63,000 was hit smoothly. The total downside room across the move was about 1,200 points, and in the short term the timing and risk-reward were both quite favorable.
On the technical levels, rebounds have been repeatedly capped by resistance from the Bollinger Band midline, while the highs keep shifting lower. Although there is some support below, overall the price focus shows a step-by-step downward trend. This is a typical pattern of resistance-style decline with a market dominated by the bears—an overall choppy, slightly bearish setup.
For the intraday rebound, keep staying with short positions. For Bitcoin, focus on shorting the 63,500–63,800 range, with the target around 62,200. Ethereum can follow the same approach $BTC #ETH #俄罗斯央行9月起限散户加密交易
The best part of trading isn’t how much you make, but having figured things out in advance, and the market happens to move exactly as you expected. This “unity of knowledge and action” feeling is more addictive than the numbers themselves. Judging from yesterday’s real price action, the market perfectly played out the “spike up and then retreat, pull back and then surge again” oscillation rhythm. After facing pressure in the 64,000 area, price moved downward, reaching a low around 62,800. Our first target at 63,000 was hit smoothly. The total downside room across the move was about 1,200 points, and in the short term the timing and risk-reward were both quite favorable.
On the technical levels, rebounds have been repeatedly capped by resistance from the Bollinger Band midline, while the highs keep shifting lower. Although there is some support below, overall the price focus shows a step-by-step downward trend. This is a typical pattern of resistance-style decline with a market dominated by the bears—an overall choppy, slightly bearish setup.
For the intraday rebound, keep staying with short positions. For Bitcoin, focus on shorting the 63,500–63,800 range, with the target around 62,200. Ethereum can follow the same approach $BTC #ETH #俄罗斯央行9月起限散户加密交易