Bitcoin continues to decline. As long as you don't go long and follow the trend to short, you are already enjoying it! The last wave's low point was around 59,800. If you want to buy the dip, at least you should wait until it gets to this point before considering it.

Bitcoin has four consecutive bearish daily candles, with prices pressing down on the lower band and continuing to open lower. The MACD bearish volume is continuously expanding, while KDJ and RSI are severely oversold. At this time, chasing the shorts wildly carries greater risk. On the four-hour level, the lower Bollinger Band shows signs of turning upwards and tightening, and the MACD bearish volume is continuously decreasing. On the hourly chart, there is a rebound, but it is still under pressure from the middle band. In terms of intraday operations, the focus remains on high shorts, avoiding chasing the shorts, and refraining from participating in long positions attempting to catch a rebound, as it would be like catching a falling knife, which carries too much risk.

For upper resistance, pay attention to 64,000 and 65,500 here; participate in high shorts around these levels. For lower support, pay attention to 63,000, 62,000, and the 61,000 level.

For Ethereum, upper resistance focuses on 1,770 and 1,840 here; participate in high shorts around these levels. For lower support, pay attention to 1,720, 1,670, and the 1,620 level.

There are no 100% correct trades, but we must execute 100% of the principles. If we make a mistake, we strictly stop loss; if we are correct, we either break even or move the stop loss to expand profits and be greedy. This is the risk-to-reward ratio! Bid farewell to wishful thinking, indecisiveness, looking around and being picky when seeking trades, taking quick profits when winning small, and stubbornly holding on when losing big. Haha, in fact, everyone knows these are just common phenomena in human nature that are generally difficult to change. Therefore, it is destined that only a small percentage of people who can execute iron principles will make money. I hope to give some inspiration to friends still confused about how to profit, and I also hope that I can progress together with everyone.

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