Opportunities lie in changes, and winners act decisively. The market won't wait for you, and opponents won't give you a break. Yesterday's hesitation is today's regret. The intraday trend basically aligns with our bearish outlook, with Bitcoin not giving much of a rebound in the evening, starting to decline from the morning high of around 91934. The shorts have been quite steady, currently touching a low of around 85563, without giving much of a rebound throughout the day. Ethereum rebounded to around 3052 in the morning and halted, following Bitcoin's rhythm, with the shorts being relatively strong, currently touching a low of around 2805. After regrettably triggering stop-losses on the morning dip, we guided entries for short positions around BTC 89300, hitting the take profit at 87000, gaining 2300 points. For Ether, we entered short at around 2943, with a reminder to exit at 2838, netting 105 points. Looking bearish on Monday, a great start, once again accurately controlled.
From the current market situation, after today's continuous decline at the daily level, it has once again lost the 90,000 mark. After today's consolidation and correction, Bitcoin continues to maintain below the low points and has tested downwards multiple times. It has now broken through the key boundary line of long and short positions frequently mentioned by Lao Chen, which is also the middle track of the 4-hour chart. At the 4-hour level, it is still in a continuous bearish state, and the multiple downward movements have made the short positions increasingly firm, indicating that there is still a possibility of further decline in the short term. The 4-hour chart is still in a very strong downward trend. Although the current rise has recovered some lost ground, the overall bearish trend remains unchanged, and any rebound is futile. The bullish energy cannot be said to be absent; it's just that, in comparison, it is insufficient to change the overall market trend. Currently, various moving average indicators have also reversed direction. Operating Suggestions: Short positions can be taken on Monday evening at 86300-86500, with a target of 84000. Ethereum 2850-2880 can short positions, target focus 2700
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Opportunities lie in changes, and winners act decisively. The market won't wait for you, and opponents won't give you a break. Yesterday's hesitation is today's regret. The intraday trend basically aligns with our bearish outlook, with Bitcoin not giving much of a rebound in the evening, starting to decline from the morning high of around 91934. The shorts have been quite steady, currently touching a low of around 85563, without giving much of a rebound throughout the day. Ethereum rebounded to around 3052 in the morning and halted, following Bitcoin's rhythm, with the shorts being relatively strong, currently touching a low of around 2805. After regrettably triggering stop-losses on the morning dip, we guided entries for short positions around BTC 89300, hitting the take profit at 87000, gaining 2300 points. For Ether, we entered short at around 2943, with a reminder to exit at 2838, netting 105 points. Looking bearish on Monday, a great start, once again accurately controlled.
From the current market situation, after today's continuous decline at the daily level, it has once again lost the 90,000 mark. After today's consolidation and correction, Bitcoin continues to maintain below the low points and has tested downwards multiple times. It has now broken through the key boundary line of long and short positions frequently mentioned by Lao Chen, which is also the middle track of the 4-hour chart. At the 4-hour level, it is still in a continuous bearish state, and the multiple downward movements have made the short positions increasingly firm, indicating that there is still a possibility of further decline in the short term. The 4-hour chart is still in a very strong downward trend. Although the current rise has recovered some lost ground, the overall bearish trend remains unchanged, and any rebound is futile. The bullish energy cannot be said to be absent; it's just that, in comparison, it is insufficient to change the overall market trend. Currently, various moving average indicators have also reversed direction.
Operating Suggestions:
Short positions can be taken on Monday evening at 86300-86500, with a target of 84000.
Ethereum 2850-2880 can short positions, target focus 2700