Currently, the resistance level has dropped from 2830 to 2820, the support level has been pulled back to 2800, and the short-term long support is at 2700. The bearish trend remains unchanged.

I remember one sister said we could see the upper level of 3400, and I thought so too at the time. However, I also optimized my view. I believe that was under extremely smooth circumstances. Considering the weak market and the reasons for the Bear Market, the points given at that time were 3100, and opening a Short at 3250 would have been fine. The result is obvious; 3097 was the highest point, and the position was not successfully opened. After the big dump on Monday, the position at 3400 became even more difficult.
Overall, going long against the trend will only lead to continuous losses, wh

Last night's prediction of a pullback was as expected, and the subsequent rise was also within the forecast. However, the rapid rebound at the 2700 level was quite surprising; I thought it would have a significant rebound near strong support, like 2620. I heard Powell is going to speak at 9 o'clock, let's see what happens.

As mentioned earlier, the resistance level and support level are too close, and the support level is clearly weak, with a high probability of a pullback. The strong support below is at 2600, and BTC is still at 80,000. If both of these are broken, there will be no salvation; if they are not broken, there is still a possibility of speculation to return to 3000, 93000.
Of course, you should never go long just for the possibility of this pullback.

This support is very weak, otherwise it wouldn't have been pierced by a long wick candle. Favourable Information can strengthen this support level, while Unfavourable Information will lead to a direct drop.

Well, there is indeed support at 2800, a long wick candle has formed and tested it. I can place open orders at the support level, but I opened it in advance just to validate my idea, it doesn't have much impact.

For me, regardless of whether it's a trend-following or counter-trend situation, I will always set a stop loss. Generally, when I open a position in the direction of the trend, I will enter with 10% of my position and even gradually implement Margin Replenishment. In a counter-trend situation, my position generally remains around 1%.
A position of 1% is only used to validate the idea. This is what I have been emphasizing for some time: when opening a long position, the position must be small, and stop loss must be strictly enforced.
For example, my current account is 1500U.
When validating

Continuing the thinking from the previous few days.
I believe Ethereum can rise above 2920 again, and Bitcoin should also have room for an increase.
Because there has been no special negative news announced, it is predicted that Bitcoin's price should be able to reach above 93,000, at most 97,000, while Ethereum is expected to be at least above 3,100, at most 3,400.
Today, the negative news caused a sharp drop of 200 points. After subtracting the previous calculations, it can be said that the strength of the bulls has not been completely liquidated. Of course, this still does not mean that

The sudden unfavourable information broke the original forecast expectations, and this uncertainty disrupted normal order placement. However, don't get carried away and chase in; let's see how the US stock market performs tonight.

A-shares are dumping, and Bank of China is cracking down on Crypto Assets, opening at eight o'clock in the morning to dump on time. Recently, both deposits and withdrawals have been difficult.

The selling pressure above has been very severe, making it difficult to reach the estimated level. Although the outlook is bearish, there haven't been good opportunities to get on board, so I continue to hold a Short Position.

Continuing with the previous line of thought, it is generally still in line with expectations. I am still placing short orders at 3100 and 3250, maybe it can be changed to 3090 and 3240 to avoid getting short like the 3097 order on Friday.

It's not ideal, just 3 points away from breaking through, just 3 points and it would have gone short. Now it has pulled back to 3000. If the last order hadn't set a stop loss, there wouldn't have been a loss. It's a bit frustrating.

The open orders near 3100, like mine at 3100, are easy to hit for a short. An aggressive short could be at 3080, while a conservative one would be above 3120.
The support level below is 3000, where there is a relatively dense defense. It may continue to push up towards the resistance line, but looking at the trend from last night, the resistance at 3100 cannot be broken for the time being. Moreover, there is no liquidity over the weekend, so we can only wait for the opening of the US stock market on Monday.

3097, almost
Review and analysis: First, after the sudden upward reversal, it is fine not to open a short position for a short period and wait for a second upward surge. Unfortunately, during the second surge, it failed to break through 3100, and opening a short position was regrettable.
Before the positive news is fully out, the probability of going up is still very high, so you can still wait.
Try not to place orders at whole numbers, but this habit of mine has lasted for a long time.

After breaking through the position of 3100, it may be able to pump higher, say to 3120 or 3150. If you're watching the market closely, you can manually open a position and set a higher short position.
The ideal expectation is to break through 3100, pump to around 3150, pull back to about 3120 for some oscillation, and then go above 3200, in two segments, just right to Short.

Emphasizing once again, although we are looking at 3100 and 3250, our goal is to Short at this position; going long is definitely not an option. The rest will be left to time.