#大盘走势 78000 still remains pressure, an extreme shakeout, and the rebound does not change the high-airway outlook 💥



As for the weekend market over the past two days, it’s a typical roller coaster: after the longs get pumped, then the shorts get pumped. The sentiment looks off—there are a ton of retail traders panic-selling.

The broader market probed downward deeply twice. Bitcoin dipped to a low of 74200, Ethereum’s lowest was 2007, and today it rebounded in a single push back to the original position and is now oscillating.

To say the real rebound is here—in Sister Min’s view, it’s only a temporary fix on the bearish side of the news, letting the long side, which has suffered heavy losses, “get their blood back.”

Today’s big rally is mainly because relations in the Middle East have eased. The US and Iran are preparing to sign an agreement, which is a short-term positive for the crypto market. Yesterday was also a light-position “quick bite” of the rebound 🤭

So how will the mainstream move over the next two days? My personal trading advice: still short from high levels; short-term rebounds don’t count 🔥

$BTC : After the rebound, continue building short positions in the 77000–77300 area. Targets: look down to the 758000–75000 area.

$ETH : 2120–2135, short along the trend. Shorting from high levels is still the higher win-rate choice in the current market. Target: 2050.
BTC-1.29%
ETH-1.05%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments