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The upper boundary line of the ETH rectangle has failed to break through many times, which means the selling pressure above is very strong; every time it touches the area, it gets pushed back down. It is obvious that the probability of forming a bullish continuation here has decreased. In the short term, I also took a short position near the upper boundary line. As for the target, the lower support is likely to be directly broken, with a wick down around 2250. That is also my target area.

BTC has started to come down. If it breaks below the rectangle support, at least a wick to 73k is needed. A huge plunge after a fake breakout is about to hit!

This BTC surge of $20,000 only brought it to around the previous high. It has not broken above the prior peak in the short term, which means selling pressure above is still very heavy. Although the price is fluctuating back and forth here, in the short term it looks like there is a need for a pullback. With daily-level divergence plus the previous high, I decisively entered a short position again to take a shot at it.

The ETH daily chart is still diverging. In addition, the price is near the upper edge of the rectangle, and it has not broken through and held above it in the short term, so it is expected to pull back at least once here. At the current price, you can enter a short position in the 2500-2530 range. Just stop out at a new high and try to catch a daily-level pullback move.

Btc8w has not yet stabilized, and the overall market is still fluctuating within a range. The current price has again reached near the upper boundary line, and the daily chart has remained in divergence. In the short term, there is a strong need for a pullback, so you can enter a short position in the 7.98-8.05w range at the current price, with a stop loss at the new high!

ETH price action is slightly weak overall, and it’s currently trading within a rectangular consolidation range. The current price only reaches near the upper boundary line under BTC’s influence. So watch whether it can successfully break through. If BTC makes another higher high, ETH may spike upward with a wick to create a false breakout. If it can’t break through, it may then fall directly. Also, chasing long positions right near the resistance line clearly isn’t a good risk-reward trade; it’s better to wait for a high to form with a daily bearish divergence (top divergence), then consider entering a short when the risk-reward ratio is better.

When BTC breaks through, if you look at the pattern, it’s a bullish wedge. Also, it really formed a bullish continuation pattern within a rectangle, and then, together with the news catalyst, it broke out with a surge in volume. This also includes the single wick on the candle from yesterday in an instant—regarding shorts, it doesn’t feel too good, but I did it with a stop-loss/breakeven approach to limit risk.

Although the price has broken out, these past few days of shorting haven’t resulted in much loss. Also, if the current outcome breaks through and holds above 80k again, then at least it still needs to form another high. The weekly chart’s MA resistance line is around 84k, and on the daily chart, as long as it makes one more high, it will show a bearish divergence. If, at that time, it also matches a top-forming pattern, I’ll enter a short again. For now, the level I’m watching is the 83k–84k range.

Btc, due to the influence of the news flow, pushed the price to another high point again. This means that expectations of a rate hike have decreased. The price then surged straight up with a bullish candle. Even at the low points, support held up several times without being broken. Also, the recent M-top as well as other top formations basically failed. So chasing after the rally is definitely not something to do now. The only option is to wait for a top signal to appear, or for the next top formation before considering entering a short position!

The long position held for a few days. During that time, the floating profit was around 3,000 points, but in the end the support held. Then it made another new high, but there wasn’t much loss—always reminding to secure break-even.

In Sandisk’s short-term continued choppy fluctuations, the overall trend is still in a rebound phase. As long as the price doesn’t fall below the short-term support area, the probability of further upside remains relatively high. Most likely, it’s forming an upward continuation pattern—so let’s wait and see the upward move.

To be honest, BTC is really weak. It can’t even hold above 78k. If support gets tested again, it may break below—after all, it has already been ground down several times in the short term, and no matter how strong the backstop is, it gets digested. So set your short positions to breakeven stop-loss and get ready to profit big!

This BTC needle has been a little unclean; it means the support has a bit of strength. However, in the short term the price rebound is still relatively weak. The recent highs keep getting lower. As long as it doesn’t hold above 78.5k, it’s likely that even a small-level rebound will still end up falling.

There are many types of BTC head-and-shoulders patterns at the top, such as complex head-and-shoulders, M-tops, and symmetrical triangle formations. These are all bearish patterns. Moreover, the current price has dropped below the neckline again, so it is unlikely to rise back above it.

BTC hit support and rebounded slightly, but as of now the trend is getting weaker. It could start a breakdown and accelerated sell-off at any moment, so get ready for a “waterfall” market. It may be late, but it won’t be absent!

In the short term, the ETH has tested support again nearby and, for now, held on, but it is still in high-level choppy consolidation. On the smaller timeframes, it is still in a downtrend. Even if it bounces, the rebound strength likely won’t be very large. Also, on the daily timeframe, it is already in a high-level dead-cross trend.

So, continue holding the short position and wait to make a big profit. You can set a break-even stop loss. Around the lows, there was nearly a hundred to one hundred-and-ten points of profit. But as soon as it breaks through the short-term support, it will start to accelerate downward. Keep holding and wait for a major crash to come.

Btc’s short-term has pinned again around the 7.63w area; it’s also support and near the neckline. Then price bounced after tightening/retracting a bit, but it currently looks like the level has already been broken. In the short term, it’s very likely that price will continue to fall. Long position shorts are raking in profits—roughly the cost basis is above 79k. Congratulations to friends who followed along and made a killing as well. The low point is close to about three thousand points in profit. Even now, there are still nearly two thousand points in profit. Just keep holding the short positions. You can set a break-even/stop-loss strategy. On the smaller time frame, it looks unlikely to break above 7.85w. Get ready for a major crash.

Btc seems to also have a composite head-and-shoulders pattern. The M-top appears to be a double top: the left shoulder is already formed, and the current right shoulder high needs confirmation. Once that high is completed, it may test the neckline downward again. If the price breaks below the neckline, it will directly enter an accelerated downtrend.

Update the BTC target levels. First, in terms of the short-term head formation, the rising wedge has already been confirmed. During the first leg of the acceleration drop, I essentially missed the move because the price hadn’t reached the expected level, so I missed the first wave of selling. But afterward, I shared the final “buy-the-dip” short entry opportunity, which was at the B-wave pullback position—this is also currently in line with expectations.

Therefore, in the short term we have officially entered a downtrend. This decline will be a daily-chart-level drop. On the daily chart, a top formation has also appeared, indicating a very strong need for a pullback. There is also heavy overhead selling pressure. This decline basically needs to be completed. It’s also the first deep pullback since this recent up move.

For now, the tentative prediction for the low point is the 73k–70k range; the exact level could be around 71.8k. This is also near the MA (moving average) support area and matches the low point of the Fibonacci retracement. It is also the target level for my short position. In addition, although the current higher-level price has formed a consolidation rectangle at the top range and price has reached a support area, if the smaller timeframe rebound cannot break above 78.5k, the probability of a massive dump will increase again.

In short: in the short term, the bias is strongly bearish. At least wait for a big deep pullback before thinking about going long. So if my C-wave big pullback prediction is correct, the profit will be quite good—around 5,000–6,000 points. I’ve already indicated setting the break-even stop-loss risk so it’s essentially close to zero. As the chart evolves, I’ll keep updating it continuously.

Update the ETH target levels. First, the short-term predicted head shape is a symmetrical triangle: the head formation is basically already established. The current price has completed a breakdown move lower. After the first leg of the decline accelerated, it then pushed upward and formed a B-segment retracement that made a high point—this can also be understood as a secondary high. We are now about to formally enter a daily-chart level downtrend.

Also, the short-term B-segment retracement high has already been completed. Based on the earlier judgment, the C-segment big selloff is about to come. The support of the smaller time-frame rectangle basically needs to be ground down; once it breaks, an acceleration lower will begin. The target area for this move is 2250–2210. Specifically, it’s roughly around 2218 (u), which is also my short position target.

From the daily-chart perspective, there have been multiple tight closes above, which indicates the sell pressure profit-taking is very heavy. On top of that, the symmetrical triangle forms a top signal, and the bulls have already started contracting volume, implying a high-level dead cross is about to occur. So in the short term the bias is bearish. The short trade has already been given a break-even stop/protection. If the prediction fails, there is zero risk of losing back to a loss (break-even risk is effectively zero). If the prediction is correct, you can take the full profit— the risk-reward ratio is maximized!