#ETH Recently, there have been fewer strategy shares mainly due to issues like lockdowns, so the sharing of strategies has decreased. However, our overall approach remains clear in maintaining a long term perspective. Today, BTC has once again fallen below the 100,000 mark, which aligns perfectly with our thinking. We have previously mentioned that after a monthly line closes in the red, the overall trend will shift to short positions. Those who are not brave enough continue to buy the dip as usual, and I hope that everyone can reasonably take profit and set stop loss in such market conditions. Additionally, based on past posting patterns, we may have to wait until mid-month for more free time. Currently, retail investors are also continuing to strengthen their positions.

Currently, looking at the market, the daily structure has undergone a significant deep adjustment, and the price ratio has continuously declined, breaking below the lower boundary structure. Such a market is not suitable for trying to buy the dip. After all, the last round of rebound has basically confirmed the pressure at the high point, leading to a new round of downward channel. The bottom space remains relatively ample. Previously, I mentioned that the key gap at the bottom is around 93000 US dollars, which is also our long term bearish target point. Therefore, in the long term, there is still an opportunity for a pullback, so there is no need to rush to chase at high positions. As for the short-term fluctuations, currently, the market is in a state of one intraday shadow line retracting nearly 10,000 points. In the short cycle, there will definitely be opportunities for a certain rebound adjustment, but the trend remains unchanged, and there are still opportunities to enter short positions during the short-term rebound. Pay attention to the key resistance level at 103000 for reference on stop loss.

BTC can be shorted around the range of 100500-101000, targeting near 97000. ETH can be shorted around 3300-3250, looking at near 2900. Whether to add to the position depends on your own position situation. #btc