Crypto Zhongliang: 6.20 BTC/ETH Market Viewpoint

CN
3 hours ago

I drank a bit too much last night, just woke up at this point. Taking a look at the market, it has finally welcomed a bit of a rebound. What is a rebound? A rebound is an opportunity to short! Don’t think Zhōng Liáng is talking nonsense, I’m sober! This week I've been shouting for everyone to short, multiple short positions on Bitcoin at 66,000, adding to shorts at the highest point of 67,200, shorts on Ethereum at 1,850, 1,820, and repeatedly at 1,800. Shorting all the way down has brought in plentiful results! Just look at how confident I am; you can tell I’m already sober…

After three consecutive days of bearish candles on the daily Bitcoin chart, yesterday formed a hammer small bullish candle. The upper and middle bands are still opening downwards, KDJ is forming a dead cross heading downwards, heading lower. Although the RSI is slightly slowing down and turning up, it doesn't change much. MACD bullish volume is still fluctuating with decreasing strength. On the 4-hour chart, the price has currently rebounded to the vicinity of the middle Bollinger Band resistance, testing this middle band. Both KDJ and RSI are turning upwards, after a decrease in MACD bearish volume, bullish energy is starting to increase. On the hourly chart, it is also moving upwards in fluctuation, and the price is currently testing and facing resistance from the upper band.

Although the smaller time frames are showing a rebound, the overhead resistance is also very obvious. The upper band resistance on the hourly chart, the middle band resistance on the 4-hour chart, and the middle band resistance on the daily chart are all present, so continue to focus on shorting at high points! Pay attention to the overhead resistance at 64,000 and 60,000 here, participate in shorts around this area, while the support below is at 63,000, 61,500, and 60,000.

For Ethereum, overhead resistance is at 1,750 and 1,820. Participate in shorts around these points, while the support below is at 1,700, 1,600, and 1,500.

You can only enjoy profits if you can accept losses! Your mindset on this journey is very important; failure is not scary, what’s scary is your unwillingness to summarize. If you are always static and unchanging, then you are the true failure! No matter what state you are currently in, Zhōng Liáng hopes these words can bring you a little help! If you encounter troubles in your investment journey, can’t find direction, or have been in losses for a long time, perhaps we can talk. Whether cooperation can happen is not the point; what’s most important is to untie your heart’s knot.

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