$BTC 9.30 Evening (Bitcoin, Ethereum) Trading Ideas $ETH
First, as mentioned to everyone earlier, based on the current market structure, the rebound strength is clearly insufficient, making it difficult to break higher. Up to now, the liquidity around 85000 above has still failed to be touched. The high point of this rebound has only stopped at 84500. In this weak rebound pattern, it can be clearly judged that the market is in a pullback cycle, so the overall trading approach should mainly focus on selling the rebound at higher levels.
Bitcoin today’s early session placed a short at 83800, with targets to 83000. The price moved down as expected, successfully taking profit and capturing about 800 points of downward room. Many people end up losing because they can’t distinguish the big-picture structure: they get misled by a small rebound on the short term and blindly buy the dip. Only by clearly recognizing the current market structure—without letting intraday fluctuations distract you—and trading in line with the trend can you reliably capture the opportunities the market offers, avoiding the risk of getting stuck in a trade caused by going against the trend.
Tonight, the PCE data will be released. No matter whether the data comes out as bullish or bearish, even if the price rebounds and holds above 84000, we will still stick to the short-selling idea. Under no circumstances should you chase the rally blindly. On the 4-hour chart: after the midday bearish candle, a big bullish candle was pulled up, and currently the price is consolidating in a range near the highs. In the afternoon, although there was a rebound, compared to earlier rebounds, the strength is noticeably weaker. Observing the Bollinger Bands: the price has again moved above the Bollinger middle band, but the Bollinger three bands are slightly narrowing, while the middle band still angles downward. The KDJ forms a bullish cross and points upward, indicating that a short-term rebound expectation exists; however, the bullish cross appears around the 40 level, so the rebound strength is limited. At the same time, you should also watch out for unexpected volatility caused by news. On the 1-hour timeframe, there has been a three-candle sequence of rising candles, but the current candlestick turns bearish, meaning the intraday rebound is basically close to ending. The price is moving below the Bollinger upper band, and the market starts to weaken gradually. From the hourly moving averages: although price is currently above the moving averages, most likely it will later pull back to approach and test the moving averages. In summary, shorting the rebound remains the best trading approach right now. #比特币跌破8.4万美元 #股票财报季 #英国FCA开放加密公司牌照申请
Wednesday Evening Trading Plan
Bitcoin: Short in the 84200-82700 zone, target 82200
Ethereum: Short in the 2710-2730 zone, target 2630
First, as mentioned to everyone earlier, based on the current market structure, the rebound strength is clearly insufficient, making it difficult to break higher. Up to now, the liquidity around 85000 above has still failed to be touched. The high point of this rebound has only stopped at 84500. In this weak rebound pattern, it can be clearly judged that the market is in a pullback cycle, so the overall trading approach should mainly focus on selling the rebound at higher levels.
Bitcoin today’s early session placed a short at 83800, with targets to 83000. The price moved down as expected, successfully taking profit and capturing about 800 points of downward room. Many people end up losing because they can’t distinguish the big-picture structure: they get misled by a small rebound on the short term and blindly buy the dip. Only by clearly recognizing the current market structure—without letting intraday fluctuations distract you—and trading in line with the trend can you reliably capture the opportunities the market offers, avoiding the risk of getting stuck in a trade caused by going against the trend.
Tonight, the PCE data will be released. No matter whether the data comes out as bullish or bearish, even if the price rebounds and holds above 84000, we will still stick to the short-selling idea. Under no circumstances should you chase the rally blindly. On the 4-hour chart: after the midday bearish candle, a big bullish candle was pulled up, and currently the price is consolidating in a range near the highs. In the afternoon, although there was a rebound, compared to earlier rebounds, the strength is noticeably weaker. Observing the Bollinger Bands: the price has again moved above the Bollinger middle band, but the Bollinger three bands are slightly narrowing, while the middle band still angles downward. The KDJ forms a bullish cross and points upward, indicating that a short-term rebound expectation exists; however, the bullish cross appears around the 40 level, so the rebound strength is limited. At the same time, you should also watch out for unexpected volatility caused by news. On the 1-hour timeframe, there has been a three-candle sequence of rising candles, but the current candlestick turns bearish, meaning the intraday rebound is basically close to ending. The price is moving below the Bollinger upper band, and the market starts to weaken gradually. From the hourly moving averages: although price is currently above the moving averages, most likely it will later pull back to approach and test the moving averages. In summary, shorting the rebound remains the best trading approach right now. #比特币跌破8.4万美元 #股票财报季 #英国FCA开放加密公司牌照申请
Wednesday Evening Trading Plan
Bitcoin: Short in the 84200-82700 zone, target 82200
Ethereum: Short in the 2710-2730 zone, target 2630
