Midnight also provided everyone with the continued idea of shorting from a high position, but the rebound power in the market is not strong enough, so the short position could not be effectively entered. Not to mention distant examples, just last week, shorted all the way down from 67200 and 66000, this week shorted again from 65500 and 64000, for the second commodity also from 1850, 1820, and 1800 shorted, this week shorted from 1750 and 1740, continuously shorting, resulting in significant victories all the time!

The daily candlestick chart for Bitcoin had a small hammer-like bullish candle the day before yesterday, and yesterday saw a small hammer-like bearish candle closing, the characteristics are very obvious, a long upper shadow, with serious selling pressure above, and a long lower shadow, with a lot of buying power below. The KDJ and RSI are turning downwards, the bullish momentum of MACD is continuously oscillating and weakening, the lower band of the Bollinger Bands has risen from its original opening and is currently starting to flatten out. If it continues to open downwards, then the downward space will be opened up. On the 4-hour level, the previous three candlesticks closed bearish in succession, all leaving long lower shadows, with the retracement lows rising. The KDJ is also about to have three lines converge and form a golden cross upwards, while the bearish momentum of MACD is shrinking, indicating a demand for a rebound correction!

Midnight also mentioned that a rebound is part of the process, while a decline is the final result. Since the buying power below is strong, the market cannot just drop suddenly, therefore the rebound provides an opportunity to enter short positions. Pay attention to the resistance above at 63500 and 65000 for short positions, and support below at 62500, 61500, and 60500.

For the second commodity, pay attention to the resistance above at 1690 and 1780 for short positions, and support below at 1640, 1600, and 1550.

Our investment philosophy is to first ensure capital safety, and only then to pursue value appreciation based on preservation of value. However, the market is ever-changing and unpredictable. This presents two issues: first, to reduce risk, we cannot maximize profits; second, with the uncertainty of the market, losses will inevitably occur at some stage. Any successful trader needs to adhere to strict trading principles — no position locking, no hedging! The law of survival in the market is the survival of the fittest; no one is destined to fail, but a certain group of people is bound to be eliminated by the market. War does not give soldiers a chance to explain, and investors will not enjoy preferential treatment simply because they are the weak. The waves wash away the sand; the gold remains with the survivors, and the deserving will rise with the wind.

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