3.9BTC/ETH Market Outlook:

Bitcoin previously had 8 consecutive daily K-line gains, rising dramatically from around 66,000 to 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 was shorting the entire way - with shorts around 72,600, looking for lower prices at 60,000 and 50,000. After reducing short positions, shorts have been held throughout, resulting in being trapped 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. Around 70,000, Zhong Liang consistently emphasized: don't chase gains - there's no value proposition. When breaking through the 74,000 resistance, the point was reinforced: you don't have to short, but definitely don't chase highs - it's easy to catch the ceiling. True to form, the market encountered resistance at higher levels, with various profit-taking and selling pressure from upper positions. The price halted abruptly and fell in a straight line. After two large bearish candles, the key focus is the daily K-line midline support at 70,000. If this breaks down, the decline will accelerate! $BTC #Gate13周年全球庆典

Daily K-line Bollinger Bands upper rail flattening, MACD bullish momentum continuously contracting, KDJ and RSI diverging downward after overbought conditions at high levels. The strong 8-candle bullish streak is now under selling pressure. For intraday operations, going short at highs is the main strategy - either wait for support breakdown to chase shorts.