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The market experienced a brief pump in the early hours yesterday, followed by a decline. We provided entry points and targets at midnight yesterday, and also shared a shorting strategy in the morning. Later in the evening, we presented another shorting strategy, with each entry being made after a rebound. During the day, BTC gained nearly 5800 points, while Ether also saw a gain of 310 points, which is a very satisfactory result. I believe those who saw and followed the entries have all made a fortune, as all our plans were given in advance. Missing out means missing out; it's useless to regret.
First, let's take a look at the daily chart of BTC. The entity bearish bars are mostly presented in the form of large bearish candles. During the decline, there have also been rebounds, but these rebounds have all appeared as small bullish and fragmented bullish candles. This clearly indicates that the rebounds during the decline are merely common corrections and do not affect the continuation of the downward pattern. Therefore, under this pattern, we should follow the bearish trend. As for the hourly chart of BTC, in recent times, BTC has been continuously declining and has dropped to around 99,000, forming a new low recently. However, based on the current retracement space and strength, 99,000 will not be the low, and there is still room for further decline. Thus, our bearish outlook remains unchanged.
Shorting BTC between 101300 and 101700, looking at 99000, shorting Ether between 3305 and 3340, looking at 3180.