3.9BTC/ETH Market Outlook:

Bitcoin previously had 8 consecutive daily bullish candles, shooting up dramatically from 66,000 to around 76,000 in a single day—gaining nearly 1,000 points in 8 days. Those who caught this bullish wave certainly made good profits. Unfortunately, Zhong Liang had been shorting the entire time—holding short positions around 72,600 and bearish all the way down to 60,000 and 50,000. After reducing short positions, Zhong Liang continued holding, resulting in being underwater for several days, with losses reaching over 2,000 points at the peak. However, the market isn't about chasing rallies just because prices are rising. At 70,000 and above, Zhong Liang consistently emphasized not to chase gains—there's no value proposition. When breaking through the 74,000 resistance, he stressed again: you don't have to short, but absolutely don't chase rallies as it's easy to buy the top. Sure enough, the market faced resistance at higher levels, with various profit-taking and selling pressure at elevated prices. The price came to an abrupt halt and dropped in a straight line. After two large bearish candles, the key focus is on the daily Bollinger Band midline support at 70,000. If this breaks, the downside will accelerate!

The daily Bollinger Band upper rail is flattening, MACD bullish momentum continues weakening, KDJ and RSI are opening downward after reaching overbought levels at higher prices. The powerful 8-candle bullish trend is now being pressured downward. For intraday operations, focus on high shorting opportunities—either shorting when support breaks.$BTC #Gate13周年全球庆典