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The four-hour decline has not finished yet, be cautious when going long, as the bearish momentum has not been fully released. I have been warning everyone to avoid going long, because the liquidity crisis has not dissipated, and there are no major positive news. Remember: all rebounds in a downtrend should be viewed as traps.
Currently, the overall sentiment is bearish, and don’t forget there is still a potential major negative factor that has not yet begun—Japan’s interest rate hike signals have reappeared.
Expert Wang’s analysis suggests there is at least a 70% probability of a rate hike, and the entire crypto leverage risk has not been cleared, so there’s no rush to go long.