The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although Hongwei's suggestions may not make you rich overnight, they can ensure your presence in the market. Only those who survive in the cryptocurrency space for the long term and persist until the end can achieve the results they desire. I hope you understand.

Due to the US stock market being closed yesterday, the market remained volatile, and the fluctuations narrowed. Looking at the daily chart, it still shows a bearish trend, with the trend becoming stronger and bearish indicators already appearing. Hongwei predicts that as it is Friday, there will definitely be significant market movements today. Everyone, prepare your bullets to welcome the storm tonight.

Such bearish signals compel Hongwei to take a short position. For specific analysis, see the analysis below:

The upper boundary of the range is 105200, today's high is 104700, the low is 104200, and today's lowest point is 103800.

Combining the 30-minute Williams indicator, it is currently at a relatively high position, and the MACD has also shown a decrease in bullish momentum, indicating a clear bearish trend.

Therefore, we can still use the strategy from this past Monday for our layout.

Enter short at the upper boundary of the range and go long at the lower boundary. However, the market is now narrowing, and the fluctuations are weak, which means everyone is waiting for a big move. At this time, do not rush to place orders; there will always be opportunities. First, observe and feel the market, let it move for a while. Watch if the 104700 level will break. If it breaks, there is 105000 above, and then 105500. At this point, if we continuously see bullish candles on the 30-minute chart, then we can enter long positions with a small amount. Set the take profit at 105500; if it breaks through, continue to look upward. If it retraces, then sell. This is because everyone is testing each other; if it goes up, it is testing previous highs, so it’s okay to wait.

Alternatively, another layout could be to drop down to 104200, then observe what trend the cycle candles show, and then trade based on that trend, going short at 103800 and long at 104700-105000. This is the thought process I hope you can review several times. If you haven't taken action, use this time to validate your assumptions. In fact, the hardest market to trade is this slow-moving one. Everyone should not rush; the cryptocurrency market operates 24 hours a day. Do not trade just for the sake of trading. Develop your own thought process and understand why you are trading.

If the market moves according to our script, then congratulations, the market has formed a brief consensus with you. At this point, choose a direction to trade. Currently, Hongwei has mentioned a bearish trend in previous articles.

So, you can wait for a high position to enter short, such as 104700-105000-105500. When the market is small, do not aim for large patterns; set smaller take profits. However, as an analysis teacher, I still have my own layouts here. But I still hope everyone understands the reasoning behind these actions; the thought process is more important.

Therefore, the strategy remains the same. Our layout analysis for Bitcoin and Ethereum today is as follows:

Conservative friends can wait for the price to rise above the range to enter short, while aggressive friends can enter at market price, adding positions at 105000, with take profit at 103800-102800.

For Ethereum, enter short at 2520-2540, with take profit at 2500-2450.

—— I am Hongwei, a teacher focused on technical analysis. Anyone with questions about operations or trends can communicate and learn with me! Let's share and profit together! Remember Hongwei, available 24 hours a day, follow Hongwei to avoid getting lost! [The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Hongwei's real-time strategies.]

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