Can you buy the dip after a big drop? A brief discussion on next week's trend~

In last week's market, shorting all the way was smooth sailing, and many friends also took off with the trend. However, when it reached the critical level of 60,000, everyone couldn't hold back anymore, and the small hands eager to buy the dip couldn't control themselves. At this moment, I just want to say, it's still early!

The following are the views~

1. The weekly trend reversal signal mentioned multiple times before has only just completed the first retest, and the depth is not yet reached. Referring to past moving average suppression effects, which lasted for seven consecutive weeks, about a month and a half, currently only four weeks have passed. Based on momentum calculations, the fish tail decline still has about two weeks left.

2. On the US stock market side, the top correction has basically unfolded, and last week began to exert effort in retesting. The phenomenon of falling without rising is already visible on the same screen. If this round continues with waterfall-like declines, corresponding risk assets in the crypto space will also follow strongly.

3. The Federal Reserve decision is imminent. Before that, uncertainties surrounding Wosh are still spreading. With a weak rate cut background, the market will not see significant buying interest, and continuous declines are likely!

4. The World Cup and Musk's Starlink are about to launch, and a large amount of selling pressure is expected to flow out.

5. There are countless long positions trapped in the 650-680 range, and there won't be an easy opportunity to exit in the short term.

In summary, the overall background remains bearish. Don't lose your way because of a short-term rebound. Following the trend to buy the dip can be risky; a sudden sharp drop might hit you with a big pin, possibly knocking you back to the starting point. It is recommended to follow the right-side principle and maintain a bearish outlook!

Resistance at 646-658, support at 580-556! If you can't hold above 640, don't expect too much rebound momentum. Next week will see strong shakeouts and excessive volatility. Focus on shorting, operate at key points! Manage your positions carefully, step by step! #分享美股交易赢英伟达股票 #比特币ETF单日净流出7272枚 #Gate携手Alpaca链接数字资产与股票金融交易 $BTC $ETH $SOL