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5.8 Baimu Xin Morning Market Analysis and Trading Strategies
80k is a key psychological threshold, as well as a strong support level, and the core defensive bottom line for the bulls in the recent period. If the market volume breaks below this level and closes consistently below the threshold, it indicates that the bulls' support has been completely lost, and this round of upward movement will come to an end. Market sentiment will quickly shift to bearish, triggering panic selling, with technical indicators also weakening, officially initiating a bearish trend.
The overall approach is to mainly short on rebounds.
BTC: Short positions around the 80,500-81,000 range during rebounds, targeting 79,200-78,500;
ETH: Short positions around the 2,310-2,330 range during rebounds, targeting 2,280-2,250. $BTC $ETH #稳定币储备下降