Bitcoin consolidating sideways, still on the same rhythm of making moves. Next week’s high shorting strategy remains unchanged!

Today is the fifth day of the Lunar New Year, Saturday. The market is moving within a narrow range, so there’s no desire to watch the charts. Currently, Bitcoin is around 68,200. The daily chart shows two small bullish candles in a row, with the KDJ lines converging to form a golden cross upward. RSI is also turning upward, and MACD bullish momentum continues to expand. However, the price has not been able to push much higher. The Bollinger Bands are narrowing, with the upper band and middle band opening downward, while the lower band is opening upward and rising. For short sellers, beware of market rallies that could liquidate short leverage. For longs, be cautious of the market’s tendency to lure with slow gains and sharp drops. Recently, the market has been gradually rising and then sharply falling. If you have profits on long positions, remember to take partial profits. If you are trapped in long positions, exit promptly to cut losses! The weekly KDJ is flat and slowing down downward, RSI is turning downward, and MACD bearish momentum is still expanding. The overall trend remains bearish.
The market found support at 59,800 and rebounded. After reaching a high of 72,300, it formed a small downward channel. The lowest retracement was 65,081, then it rebounded. After reaching a high of around 70,938, it faced resistance and formed another small downward channel, with a low of 65,595 before finding support. Currently, the market is in a correction and rebound phase. As shown in the chart, the market may form an irregular W-shape pattern, with two lows at 65,081 and 65,595, and two highs at 70,938 and 72,300. Next week’s high shorting focus should be on this area. Prices below 70,000 mean there’s no need to rush into short-term shorts, as the second downward channel has not broken the previous low, making a rebound and testing resistance more likely!
Ethereum is similar; there’s no need to participate in short positions below 2,000. Next week’s high shorting strategy should consider around 2,100. This way, stop-loss can be easier to manage. After a sideways consolidation, the market is prone to making moves. As I always say, a rebound is normal. Without a rebound, there’s no opportunity for high shorting. Rebounds are just for better and higher shorting positions—nothing more! #Gate广场发帖领五万美金红包 $BTC