The mountains are high and the waters far; the road of trading stretches on,
Only by keeping a steady rhythm can you capture the profits that are yours.
Looking back at yesterday’s Monday session, the market rebounded before meeting resistance, then fluctuated lower all the way. It first rebounded in the morning, reaching a high of 78,800 before meeting resistance near the previous high. The bulls then ran out of steam and failed to hold their gains, and the market continued moving lower, approaching the previous low once again.
The live trading plan started with longs and then switched to shorts. After the second long position came under significant pressure, we decisively exited at breakeven, then promptly shifted strategy and followed the trend into a short. Bitcoin gained 1,479 points over the day, while Ethereum offered 46 points of room. Short-term trading requires flexibly switching between long and short positions rather than sticking to a fixed direction; by following market signals, we can handle either side.
Looking at the current chart, selling pressure overhead is clear, and bears have taken control again. The short-term outlook remains bearish. Daily timeframe: This candle formed a bearish body with an upper wick, wiping out the gains from the past two days over the weekend. The daily chart is clearly trending down amid resistance, showing that strong resistance lies overhead.
4-hour timeframe: Price made a clear door-shaped move, with consecutive bearish candles driving lower and completely erasing the daytime rally. It has fallen back below all short-term moving averages, and bearish momentum is still being released.
1-hour timeframe: The double-top resistance pattern overhead has now been confirmed. The 77500–78000 area has turned from support into resistance. If a rebound cannot reclaim 77500, the next focus will be on the strength of support at the previous low of 76444.
Until price breaks below the previous low, avoid aggressively chasing shorts. You can wait for a rebound, then look to enter short as price meets resistance. Adjust short-term trades flexibly.
Bitcoin: Look to enter short if a rebound meets resistance in the 77500–78000 range; targets: 76400 → 75300
Ethereum: Look to enter short if a rebound meets resistance in the 2295–2317 range; targets: 2243 → 2215
#美国中期选举倒计时，美股博弈窗口已开启？ $ETH $BTC
