3.9BTC/ETH Market View:

Bitcoin had 8 consecutive daily K-line increases, skyrocketing from 66,000 to around 76,000 in a single day, gaining nearly 10,000 points in 8 days. Those who caught this bullish move have indeed made good profits. However, Zhong Liang was shorting the entire way, with shorts placed around 72,600, looking for downside to 60,000 and 50,000. After reducing short positions, holdings were maintained throughout, resulting in losses over several days, with drawdowns exceeding 2,000 points at their peak. However, market movements cannot be simply interpreted as bullish when prices rise. When prices were above 70,000, Zhong Liang consistently emphasized not chasing rallies due to poor cost-effectiveness. When breaking through the 74,000 resistance, we reiterated: shorts are optional, but absolutely do not chase highs—it's too easy to chase the ceiling. As expected, the market encountered resistance at higher levels, with various liquidations and profit-taking at peaks, causing prices to reverse sharply downward. After two large bearish candles, the key focus is on the daily K-line midline support at 70,000. Breaking below this level would accelerate further downside! $BTC #Gate13周年全球庆典

Daily K Bollinger Bands upper rail flattening, MACD bullish momentum continuously decreasing, KDJ and RSI opening lower after overbought conditions at high levels. The strong 8-candle bullish momentum is being pressured downward. For intraday operations, focus on shorting from highs, or shorting on support breakdown.