Monday Morning | Tang Long's Trading Strategy
Last night’s decline was very decisive, directly breaking through the key support level. The previous consolidation phase is basically over.
After two days of sideways movement, the bears concentrated their efforts, breaking below 65,000, with the lowest reaching 64,900. The breakdown was very clear, confirming what I’ve been saying all along — the consolidation is weak, and the bears are gathering strength.
This early morning wave of shorting was executed smoothly and safely secured profits.
In this kind of trending market, the bottom line is: follow the trend, don’t fight it.
Now, looking at the current market:
Overall still in a bearish rhythm, with rebound strength clearly insufficient.
The 4-hour chart is being held down by the middle Bollinger Band, unable to break higher;
On the 15-minute chart, the rebound from 64,900 is weakening in volume, with the highs constantly shifting lower, indicating a typical weak rebound. There’s a high probability of a second dip, and even the possibility of making new lows.
The trading approach is very simple: continue to wait for rebounds to short.
BTC: Look for shorting opportunities in the 66,100–66,400 range, targeting 65,000 → 63,700
ETH: Look for shorting opportunities in the 1,992–2,035 range, targeting 1,952 → 1,842
In summary:
The trend is already established. Rebounds are opportunities, don’t go against the trend.
This is just my personal view for reference. Remember to control your position size and set proper stop-losses. #比特币震荡走弱 #特朗普称打击暂缓期延长10天 #稳定币去利息化博弈升温 #Circle冻结16个热钱包余额 $BTC $GT $ETH