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Last weekend until now, just three things to mention
1. Monday daytime, the entire market was bearish, no problem
Saturday rally, Sunday pullback. Monday daytime indicators all bearish, 4-12 hour divergence, everywhere there were voices saying it would break below 70,000.
I also took a short position, resistance at 71,400-71,700, stop-loss at 71,800.
At the same time, I gave a bottoming point: BTC 70,666-70,255 (defense at 70,000), ETH 2,176.
And the result?
ETH bottomed at 2,173, BTC at 70,458.
The bulls won decisively.
2. Reversal at night, those who didn’t set stop-losses suffered the most
When the US stock market opened, the scene changed dramatically. The news caused small-scale indicators to fail outright, all the KOLs were confused.
But I had warned in advance: short without a stop-loss, beware of being wiped out.
The next day, the short sellers were stunned.
Doing short-term shorts during the day was fine, but if you got stopped out at 71,800, losing a little and walking away is discipline.
Those who didn’t set stop-losses saw their unrealized losses grow overnight, serves them right.
Over on ETH, short at 2,216-2,236 with a stop-loss at 2,250, many people didn’t execute it either.
Fortunately, when it retested at 2,230 in the evening, I promptly called “Take profit on shorts, it’s not falling anymore.”
Discipline is a thing, I can say it a thousand times, but some people just ignore it.
3. Weekly golden cross, don’t get addicted to shorting again
The weekly golden cross has occurred less than five times in four years.
This isn’t a quick rebound that ends in a few days; it will last a long time until the next bull market starts.
Don’t always think “rises must fall,” that’s your illusion.
I’m not even doing short-term shorts now. Mentioning rebounds and shorting is just to cater to those who dare not go long.
The low-long strategy is set, the main axis remains unchanged.
This rebound is far from over.