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People may stumble, horses may slip, we should confidently take profits, and also accept losses with a good attitude. In summary, stick to take profit and stop loss. Sometimes what we own in the moment may not truly be ours, and what we lose temporarily may not be lost forever. Yesterday's market also exceeded our expectations.
No more nonsense, analysis for the evening of 1.8.
The current market has entered a strong unilateral downtrend. The chart shows continuous downward candles, with key support levels being broken one after another. Four-hour and hourly technical indicators are both showing a bearish alignment, with strong downward momentum. Multiple timeframes' bearish signals are resonating, indicating a clear short-term downtrend. It can be said that how it rises is how it falls.
Bitcoin around 91288-90888 is shorted, target 88000-87688$BTC.