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ETH brothers and sisters, BTC 1-hour and 4-hour charts both seem to be turning bad right now
1. It’s estimated that BTC’s main force is targeting the long liquidation at the 80,000 round number level
So the corresponding range for ETH is between 2260 and 2280
If we go for the liquidation below, it’s like drawing a door back again
I was planning to issue a 1-hour double dip warning, but now it looks like this double dip is a bit deep
2. If the 4-hour chart can’t recover in time, then we can’t continue to be bullish for now
BTC might worst-case drop to the 78,500–79,500 range
First, check the support at the 80,000–80,500 range
If a liquidation occurs and it pulls back sharply, we can still maintain a bullish trend
3. There’s no really good way to deal with this situation, hedging is more effective
My own hedging adjustments have been a bit premature, I’ve been experiencing double dips recently
Adjustments should be a bit later and smaller in scope
Let’s encourage each other 😂☕