"Jiangfeng Trading Diary" Issue Seven: K-lines and indicators are merely the result of price, not the reason for price.

First, let’s review yesterday’s market: Bitcoin's market performed in line with expectations, continuing to fall. In the sixth issue, we mentioned a short position at 64700, which rebounded to around 64870 before starting to drop to around 62655. Both targets were reached, and the text includes specific entry points for reference. Please continue down patiently to read more👇

In the trading diary’s third issue on July 15, the Bitcoin short at 65400 and Ethereum short at 1910–1937 have completed the second target! Be sure to reduce positions in time and continue to speculate!

Now, let's talk about today’s perspective: Focus on high shorts! Risk index: 🌟🌟☆☆☆ (Conservative approach)
BTC: Short positions should be entered around the rebound of 63800–64200–64600, with targets below at 62800–61800–61000–60000.

ETH: Short positions should be entered around the rebound of 1860–1888–1907, with targets below at 1820–1750–1700–1630–1500.

Why do I say it is not advisable to chase shorts at the current price? Jiangfeng believes we are currently near a short-term support level and might see a slight rebound, so it's better to wait patiently for a rebound before considering high shorts! As for the previous shorts at 65400, 64700, 1937, and 1910, just hold them after reducing positions!

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