The evening price comparison has shown a chronic downward trend after a weak consolidation, with a minimum pullback to the 83786 level in the early morning, allowing the long positions to recover some space, currently oscillating around the 84500 level. Ethereum is also in a weak oscillation during the evening, retracing to around 2700, and has been hovering in this range since. The downward movement in the early morning has given us some space, validating our bearish outlook for the evening. BTC indicated a short at 86500, which directly reached 84000, gaining over 2000 points. The short at 2840 for Ethereum directly reached the 2720 level in the evening, also capturing a space of 128 points. Currently, the overall short-term direction remains a bearish trend, and the rebound lacks continuity. The subsequent strategy can still focus on high shorts along the Silk Road. Position accumulation is a gradual process; whether it's long term or short-term, one must learn to seize opportunities, and of course, mindset is also very important; investments must be rational. If you cannot understand it, do not engage.
In terms of the current trend, Bitcoin has formed a short-term top adjustment and has once again fallen below the middle track of the daily level. The short positions rhythm of the small cycle is what we have repeatedly emphasized today. In the strong short positions market, what we fear is a rebound that is too large; if the rebound space increases, it will be difficult to break lower again. However, the resistance from long positions is not strong. Repeated lower breaks in the market signal a short positions trend. Bottom testing accompanied by upward adjustments has become the norm. At various structural levels, there has been no occurrence of consecutive bullish candles; every rebound can be quickly suppressed by short positions. Therefore, it is difficult to talk about a trend reversal in the short term. As the short positions trend remains unchanged, following the trend will still be the main rhythm going forward. Continue to short on rebounds today, keeping in mind the increasing volatility base, and pay attention to the strength of the rebounds. Today's main direction is to rebound and short.
Operating suggestions: Trading suggestion: On Tuesday early morning, Bitcoin's rebound at 84700-85000 can be shorted, with a target focus on 82500. Short positions can be taken near Ether 2750-2780, with a target initially focused on 2600.
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The evening price comparison has shown a chronic downward trend after a weak consolidation, with a minimum pullback to the 83786 level in the early morning, allowing the long positions to recover some space, currently oscillating around the 84500 level. Ethereum is also in a weak oscillation during the evening, retracing to around 2700, and has been hovering in this range since. The downward movement in the early morning has given us some space, validating our bearish outlook for the evening. BTC indicated a short at 86500, which directly reached 84000, gaining over 2000 points. The short at 2840 for Ethereum directly reached the 2720 level in the evening, also capturing a space of 128 points. Currently, the overall short-term direction remains a bearish trend, and the rebound lacks continuity. The subsequent strategy can still focus on high shorts along the Silk Road. Position accumulation is a gradual process; whether it's long term or short-term, one must learn to seize opportunities, and of course, mindset is also very important; investments must be rational. If you cannot understand it, do not engage.
In terms of the current trend, Bitcoin has formed a short-term top adjustment and has once again fallen below the middle track of the daily level. The short positions rhythm of the small cycle is what we have repeatedly emphasized today. In the strong short positions market, what we fear is a rebound that is too large; if the rebound space increases, it will be difficult to break lower again. However, the resistance from long positions is not strong. Repeated lower breaks in the market signal a short positions trend. Bottom testing accompanied by upward adjustments has become the norm. At various structural levels, there has been no occurrence of consecutive bullish candles; every rebound can be quickly suppressed by short positions. Therefore, it is difficult to talk about a trend reversal in the short term. As the short positions trend remains unchanged, following the trend will still be the main rhythm going forward. Continue to short on rebounds today, keeping in mind the increasing volatility base, and pay attention to the strength of the rebounds. Today's main direction is to rebound and short.
Operating suggestions:
Trading suggestion: On Tuesday early morning, Bitcoin's rebound at 84700-85000 can be shorted, with a target focus on 82500.
Short positions can be taken near Ether 2750-2780, with a target initially focused on 2600.