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$BTC The rally is quite weak, and the rebound is dead set on high above 78,000 💥💥
Don't trust the rebound; the 76,434 level this morning was just a tease, a common trap used by Gouzhuang—pulling traders into going long, just hold your short positions safely!!
The dip this morning probably scared many short-term traders, right? According to Sister Min, many retail traders who went long are now forced to cut their losses!! Cutting losses at low levels and chasing longs at the top are big taboos. Many people think this is a V-shaped reversal? It just shows they lack enough experience.
Sister Min believes last night’s surge was just funds rushing in to rescue the market in a hurry, not a sign of a sustained rally. Now the price is stuck below 76,900 and can't go higher, which clearly indicates a weak rebound, with too much selling pressure.
Looking at the four-hour chart, the range of consolidation is getting narrower, and the bears still hold more chips than the bulls. This kind of movement is likely brewing a southward breakdown. Once it breaks, retail traders will firmly follow the trend to short, not guessing the bottom, because there is no bottom now!!
Sister Min’s personal trading advice: focus on shorting during rebounds, follow the trend to short 🔥
$BTC : Short around 77,300, set your stop properly, target at 75,500
$ETH : Short in the 2100-2120 range, support at 2083, break below support to confirm
The market remains unchanged, the mindset remains unchanged, continue to short and follow the mainstream 👊