The white plate BTC rose to the 61930 line, and many people must be shouting that a reversal has occurred and that they have caught the iron bottom. In fact, if we delve deep into the current macroeconomic conditions, on-chain data, ETF capital flow (recent significant outflows), and the rules of the halving cycle, we can find that we are still in a downward continuation, and the bigger moves may still be ahead?
Today's viewpoint:
Pay attention to the gains and losses around 62200. If it does not break, continue to look bearish! For Ethereum, pay attention to the 1666 line as resistance; if it does not break, continue to short!
Since the peak of Bitcoin at 120,000 last October, Jiang Feng has been reminding everyone daily to remember that the bull market top has been reached and a long bear market decline will follow. Recently, he has been giving signals for short positions: whether above 80,000, or 70,000, or even recently around the high point of 67,000, he has been continuously issuing short positions. If you have seriously read Jiang Feng's articles, you should have made considerable profits!
Today's viewpoint from Jiang Feng continues to focus on high shorts:
On the daily chart, it touched around 59,000 yesterday, rebounding nearly 3,000 dollars, but the overhead pressure is still significant. The morning report mentioned that any rebound is an opportunity for high shorts! We have already entered shorts around BTC 61600-62300 and ETH 1639-16666, so hold on patiently, and in the evening focus on the lower resistance level to lay out short positions:
Bitcoin: Resistance around 62200-63200, support around 60600-59800-58000-53000
Ethereum: Resistance around 1666-1690, support around 1600-1550-1510-1450
The essence of trading is not to predict, but to place controllable stop losses at key positions and gamble once. If the direction is right, hold on for the long term; if the direction is wrong, stop loss and exit in time! Those who can persist are the winners!
Do you think we are at the bottom now? Do you favor bulls or bears more?
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