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What did we say yesterday?
Big 78000-79000 short, Ethereum 2330-2400 short — all profits have been realized!
Big fell by more than 3,000 points, and Ethereum also took more than 150 points in profit—no issues with the logic.
So what’s the market situation now?
After a drop, it started consolidating in a narrow range, but the daily chart has already flipped to bearish. On the 4-hour chart, there are continuous big bearish candles—an obvious top reversal. The latest 4-hour candlestick’s closing price directly broke below the previous candle’s opening price, and the bears have full control of the board.
MACD also formed a death cross; the green histogram turned red (negative), meaning the bearish momentum is still there. That move yesterday—rising and then falling back—was a volume expansion drop, which suggests funds are running and the sell pressure above is heavy.
So in terms of trading, continue to short:
· Big short around 77,000, target 74,500-75,500
· Ethereum short around 2,300, target 2,200-2,230
Don’t rush to buy the dip; any rebound is an opportunity delivered to you. $BTC $GT $ETH