Short positions got swept again and the guaranteed profit got wiped out—there’s no chance for me to ride a move and take a big bite of profit. This market is just like that; though it makes sense—after finally being pulled up, they cleared the shorts. So the next step is preparing to liquidate the long positions. Obviously there aren’t enough long-side positions yet, and this is the走势 (price action) to lure the “long-entry army” into the trade!
Today BTC pushed to a new high, but after spiking up it quickly pulled back. Meanwhile ETH didn’t even reach the prior high—clearly a bull-trap setup. So shorts can be placed boldly.
8.25 short setup
For BTC: bounce to 79,500–80,000 short. More conservative entry: 80,500–81,000. Stop-loss (defense): 82,000. Targets: around 78,500–78,000–77,500. If it breaks down, look at 77,000–76,500–76,000. If it continues breaking, trail the stop-loss and take-profit based on the situation!
For ETH: bounce to 2,500–2,530 short. More conservative entry: 2,560–2,580. Stop-loss (defense): around 2,630. Targets: around 2,470–2,450–2,430. If it breaks down, look at 2,400–2,370–2,350. If it continues breaking, trail the stop-loss and take-profit based on the situation!
The market has seen many news items, but no clear major positive catalysts. The altcoins’ rise hasn’t kept up with the broader market either—so there’s no reason to keep chasing longs. Only by shorting against the trend is there a chance to take a big profit!#比特币受阻于81000美元50周均线
Today BTC pushed to a new high, but after spiking up it quickly pulled back. Meanwhile ETH didn’t even reach the prior high—clearly a bull-trap setup. So shorts can be placed boldly.
8.25 short setup
For BTC: bounce to 79,500–80,000 short. More conservative entry: 80,500–81,000. Stop-loss (defense): 82,000. Targets: around 78,500–78,000–77,500. If it breaks down, look at 77,000–76,500–76,000. If it continues breaking, trail the stop-loss and take-profit based on the situation!
For ETH: bounce to 2,500–2,530 short. More conservative entry: 2,560–2,580. Stop-loss (defense): around 2,630. Targets: around 2,470–2,450–2,430. If it breaks down, look at 2,400–2,370–2,350. If it continues breaking, trail the stop-loss and take-profit based on the situation!
The market has seen many news items, but no clear major positive catalysts. The altcoins’ rise hasn’t kept up with the broader market either—so there’s no reason to keep chasing longs. Only by shorting against the trend is there a chance to take a big profit!#比特币受阻于81000美元50周均线
