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Afternoon market outlook: Continuing the bearish logic from the morning, Rebound and short.
The bearish outlook in the morning can definitely continue, and although the market is currently moving in a winding and oscillating manner, the direction of the bearish sentiment has not changed.
On the Bitcoin side, the first resistance is at 113600, and the support below is closely monitored at 110000. In the afternoon, as long as there is a slight rebound, you can arrange short positions in the 113000 - 113600 range, targeting down to 110000.
Ethereum is the same, there is not much capital movement on-chain, the resistance level is 4200, and the support level is 3860. Just follow the trend of Bitcoin to enter short.
Recently, the market direction is very clear. As long as we operate according to the bearish mindset, the profit potential is quite considerable. Everyone should seize this opportunity, remember to set good stop losses, and don't be greedy~#中美贸易战新进展