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Last night, the market performed as expected, dipping to previous lows, with a minimum drop to the 98115 area stabilizing, a decline of nearly 5000 points. It then touched the bottom and rebounded sharply, reaching as high as 10988 at one point, recovering more than half of the short-term decline, showing considerable strength. Our short positions' rhythm prediction once again accurately fulfilled, fully providing opportunities for engagement, and the current price short order at 99489 was also directly reached. On the Ether side, it also synchronized with a rebound at 2111, currently returning to operate around 2227, with noticeable recovery.
From the current trend, the four-hour candlestick shows a strong upward pump with a long lower shadow, indicating that the short-term support below is effective. On the hourly chart, this large upward candlestick in the morning is quite strong, but it encounters resistance near the middle track pressure point, showing slight retraction, reflecting that there is still selling pressure above. Overall, the structure has not yet effectively broken through the middle track resistance, and the rebound is still a technical correction, with the trend not fully turning bullish. If it cannot stabilize in the 101300-102000 range subsequently, it will still return to the downward channel for fluctuations. Ether follows the same structure, with the rebound hindered by the middle track, showing a short-term tendency to fluctuate along the upper edge.
short order 101300-101800, look near 99700
Ether 2200-2210 short order, looking at around 2270 #BTC #ETH