Looking at the daily chart of Bitcoin, it appears glamorous on the surface but is actually turbulent beneath. The previous V-shaped rebound looked lively, but in reality, even the key moving averages haven't been reclaimed, resembling a bluffing feint attack. The medium-term trend remains bearish, a fact I am more aware of than anyone else.
Now, let's look at the 4-hour chart. The MACD is above the zero line, but the red histogram is shrinking, indicating a calm before the storm and a warning of an imminent death cross. The RSI is stuck at 65, just a hair away from overbought territory. Technical indicators tell me: a short-term pullback is coming.
Next, the 1-hour chart shows an even clearer signal. The MACD has already formed a death cross above zero, with the green histogram emerging, signaling the bears are pounding the table. The RSI has turned downward from overbought, and the short-term rebound momentum is fading like a night market at 3 a.m., gradually cooling off.
Therefore, my trading strategy for today can be summarized in eight words: primarily short at high levels, supplemented by short-term longs at low levels.
The area around 68,700 is a trap set by the bears; the area around 64,500 is the last stubbornness of the bulls. When the market reaches this point, it’s not about who is brave but about who knows when to stop and when to act.
3.2 Bitcoin Trading Strategy:
1. Short at 68,100-67,300, stop loss above 68,800, target 65,100-64,100
2. Long at 64,100-64,700, stop loss below 63,100, target 66,400-67,100
3.2 Ethereum Trading Strategy:
1. Short at 2025-1995, stop loss above 2055, target 1945-1905
2. Long at 1905-1925, stop loss below 1865, target 1985-2015