14:00

Good weekend, weekend volatility. My short position at 20 also took a loss, which is really a bit uncomfortable. Thinking about it now, sometimes it's really unnecessary to have a big picture or obsession. Small positions indeed can't handle large fluctuations, so the stop loss just results in a loss, and after losing, it comes back.
As of the current market, I still lean towards a bearish outlook overall. After the volatility, there is still a need for a decline.
The reasons are as follows:
From the four-hour to daily chart levels, there is strong resistance above 3400. After several days of no breakthrough, it can be confirmed as a temporary top. Currently, it is moving within a wide range of 3260-3330, and then it depends on whether it will break through these two levels. If it moves upward, I personally think it will quickly spike up and then fall sharply.
It's just that on smaller timeframes, the volatility makes it uncomfortable, but the outlook won't change. If it doesn't break and stabilize above 3330-40, the strategy remains bearish, with target levels around 3260-3220 and a break below.
The same applies to Bitcoin; after reaching a critical point on the daily chart, it declined. You can see on the daily chart that the rebound to the 38.2% Fibonacci level was followed by a downward correction. If the price tests 93600-94000 without breaking below, and continues to oscillate or move upward, there is a demand to reach 103000. But seeing too far ahead makes it hard to hold, and since the market is changing, I can only focus on the current situation. If you want to go long, just watch for support after the pullback. Pay more attention to the hourly level; breakouts and upward movements will form structural patterns.

The strategy is just these above.