Wednesday Jingyi's idea: Continue to position for long-term shorts



Yesterday's maintained bearish strategy was perfectly realized, BTC trend hit 3700 points as expected, ETH trend order realized 145 points, stocks fell across the board, institutions Z capital fled, leading the crypto market to plunge collectively. There was no sudden news in this round of decline; rate-cut expectations cooled down, while rate-hike sentiment picked up. Once Z this market bubble breaks, the crypto market is likely to face another round of downside risk.

Technical analysis: Four-hour channel downward opening, the bearish trend is confirmed, and a rebound opportunity is also a shorting opportunity.

Trading suggestions:
Bitcoin rebound in the 633-642 range for shorting, target 618, 607, if broken, look at 595-550; after stabilization, re-enter short positions.

Altcoin rebound from 1685-1720 with resistance for shorting, target 1630, 1600, if broken, continue to look at 1550#0成本拿2股SK海力士
BTC0.81%
ETH1.39%
SKHYNIX-12.47%
View Original
post-image
post-image
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
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
ShenJingyi
· 4h ago
Buy the dip 😎
View OriginalReply0
ShenJingyi
· 4h ago
Just charge forward 👊
View OriginalReply1