Be careful, if you don't run now, you'll be in big trouble! Bitcoin has likely peaked, and the situation ahead is extremely grim.
1. As shown in the figure, Bitcoin's current trend is a very classic descending flag, consolidating upwards, with a top of 72,000—74,000—76,000, and a bottom of 60,000—63,000—65,500. Has the third wave of rising finished and is it about to crash?
2. I really think the probability is quite high. The top of this round of rally is likely around 76,000 or might fake a breakout near 78,000. According to the trend line, it will pull back to around 69,000. If it breaks below the upward trend line, this could very well be the start of another downward wave, which may eventually drop below 60,000 or even lower.
3. We shorted Bitcoin at 74,000 three times, taking profits twice. The third short position is currently just around the cost price, and I also placed a short order around 77,000 to add to my position. The situation is good, and the trend is moving according to our expectations. I see some people panicking, which is unnecessary; the price is still at 74,000. The ones who should be panicking are those who chased the price at high levels, not us.
4. I think the real trigger for the market will be the Federal Reserve's interest rate meeting tomorrow midnight, which has a fairly high probability of being bearish. Moreover, Bitcoin has risen so much in a short time; even without bad news, a normal pullback could be significant. The 76,000 this morning likely marked the peak, clearing out most of the short positions. However, I prefer to be cautious and placed a short order at 77,000; if they dare to come, I dare to take it.
5. As for ETH, we advised everyone to short at the significant resistance level of 2,370 last night. As shown in the figure, I entered short in two batches, totaling 240,000 USDT. I woke up to a nice profit in the afternoon, and I'm managing trades in real time. If it attempts to peak again, I will also consider shorting it again.
6. Therefore, when trading, never open positions based on feelings. You should plan beforehand why you are opening a position, where to take profits and add to your position, and where to set stop losses. Step out of emotions and examine your trades from a higher dimension. If you don't know, just ask me; whenever there's an opportunity, act directly~