Trading, true calm comes from inner peace, which is unrelated to right or wrong, but rather enough faith in oneself. When it's the right time, one should not be impulsive; when facing losses, one should not be pessimistic. Continuous self-correction is also more about instinct than feeling. When seeing a certain market trend, one understands how to Build a Position. It's like driving: pressing the brake, steering, watching the road, focusing ahead. There is no so-called sequence, no so-called thinking, but rather an instinctive reaction, and trading is the same.
Looking back at this week's market, the overall trend is one-sided. Bitcoin started to decline from the high of 116,380 at the beginning of the week, and this strong downward move reached a low of around 106,500 early Friday morning. This round of pullback has already exceeded 10,000 points. Ethereum followed the trend of Bitcoin, dropping from 4,260 to around 3,677, losing more than 600 points in space. It can only be said that this round of 25% interest rate cuts by the Federal Reserve does not fundamentally solve the problem. Old Powell's hawkish remarks caused a significant drop in the crypto market, plummeting by 3,000 points, with a decline of over 5%. It can only be said that the market is behaving erratically now. When trading, we must consider not only the fundamentals and technicals but also pay attention to international news and the impact of information on the crypto space. If you really don't know how to operate, you can follow Yun Che's strategy and pay attention to satellite public figures' insights. Currently, Bitcoin's price is around 110,300.
The current trend is intricate, and it can be seen from the chart that the hourly lines of new highs and new lows have exceptionally strong upper and lower wicks, which is enough to indicate that the price in both extreme areas is extremely unstable. In the early morning, the price touched the bottom and rebounded. The recent rebound correction is also what we expect to see. Although the magnitude of the rebound is somewhat weak at the moment, the transformation of time into spatial patterns still exists. Therefore, in the later stages, we still need to maintain a certain bearish mindset for BTC operations. Currently, the key resistance for Bitcoin remains at the rebound area of the previous day around 111500, and the current price has significant deviation space, which gives us greater confidence in our operations. As the market approaches the pressure of high points, the opportunity to short will also arise. In intraday operations, Yunche suggests focusing on short positions.
Big Pie Strategy: Short around 111500, target 110000
Ether Strategy: Short around 3915, target 3840