3.9BTC/ETH Market Analysis:

Bitcoin had 8 consecutive daily bullish candles, surging dramatically from 66,000 to around 76,000 in a single day. Over 8 days, it rallied nearly 10,000 points. Anyone who caught this low buy opportunity at the bottom definitely made good profits. Unfortunately, Zhang Liang has been shorting all the way. The short position near 72,600 was held all the way down expecting 60,000 and 50,000, so after reducing the short position, continued holding, resulting in being trapped for several days. At the peak, losses reached over 2,000 points. However, the market is not just about going long when prices rise and chasing rallies. Above 70,000, Zhang Liang has consistently emphasized the viewpoint: don't chase rallies - there's no value proposition. When the breakout of the 74,000 resistance occurred, he emphasized again: you might not short, but absolutely don't chase rallies. It's too easy to chase the ceiling. Sure enough, the market surged but faced resistance. Various profit-taking and dumping at high levels caused prices to halt and reverse sharply downward. After two large bearish candles, the key focus now is on the daily midline support at 70,000. If this level breaks, the downtrend will accelerate! $BTC #Gate13周年全球庆典

The daily Bollinger Band upper rail is flattening. MACD bullish strength continues shrinking. KDJ and RSI have opened downward after being overbought at high levels. The strong 8-candle bullish momentum is now being pressured downward. Intraday operations favor shorting at highs or shorting on support breaks.