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Don't remind me again today

Yesterday's views and strategies, specifically long positions, resulted in three consecutive losses. The planned short position on Bitcoin was also exited early due to some reasons, resulting in a loss. However, it's just part of the game—complaining is fine, but doing what needs to be done and trading is essential. Previously, I advised everyone that 105000-6000 was a must-short zone. Holding onto shorts was mostly profitable; if you couldn't hold, there's nothing you could do—it's a true test of human nature versus the market.



The current market chart is shown below, and my personal view is as follows: Currently, the price has fallen to a low of 3403, which is a stop at 3400. It’s unlikely to fall further from here. To prevent unexpected situations, the strongest defense is around 3350. Of course, going long now isn't ideal due to low volume; a safer approach is to break above 3470 and go long, with a stop at 3430, targeting around 3580—about 100 points profit. As for shorts, it's better to wait and see; chasing now is risky, and setting a stop-loss is problematic unless large positions are taken in batches. The overall trend for ETH suggests a demand below 3000, but it will take time to play out, making it complicated. Therefore, for shorts, watch the trend line at around 3580—if it doesn't break through, consider shorting. Take it step by step. For intraday trading, I personally maintain a low long position approach until tonight after the US market opens. That's my current view.

For Bitcoin, similar to ETH, the 1-4 hour charts show signs of temporary stabilization, but the rebound lacks strength, making it difficult to trade. The current effective resistance is around 105500; traders can consider shorting at that level. From a daily chart perspective, Bitcoin has a demand below 95000, but it will take time to play out. This is just for reference.
BTC2.8%
ETH3.32%
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KTimesContractKingvip
· 11-12 10:37
Guzi Live
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WildTraderGuzivip
· 11-12 06:14
You can buy at the current price around 3440, but it's more aggressive. Set a stop loss at 3400 and take profit around 3580.
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