Thursday, shorts don't call the bottom, the big drop waterfall has just begun!

When the waterfall decline comes, have you chosen the right side? Yesterday's rebound at 630, I posted multiple articles across the web, live streamed, reminded to short, gave my prediction to break 60K, and continuously issued multiple short orders, all in place! May I ask, is your faith in shorts strong? If given another chance to choose, what would you do?

Now, bulls and bears are at a crossroads again. After yesterday's big drop to 59000, Micron's earnings report came out, directly reversing the decline in U.S. stocks. BTC also rebounded 2200 points, reaching a high of 61200. However, Micron's power is limited; relying on a single company is still hard to turn the situation around. After all, before the earnings report, the market's enthusiasm for AI was already extremely high, and its stock price has risen over 40% this year. Many positive factors have already been priced in, and the expectation of a strong boost to the broader market is unlikely. This earnings report is more about confirming that AI hardware demand remains strong, alleviating some concerns, but it is not enough to reverse macro uncertainty.

Secondly, several bearish sectors are also making the market tremble with fear.

1. The Blonde said they may impose special tariffs on China
2. Tonight's PCE inflation data is also a key guide for the Fed's rate hike expectations, and current market sentiment is relatively weak.
3. The Mt. Gox payout will land on June 30, totaling 140k BTC. Some creditors will choose to sell after receiving the coins, bringing continuous selling pressure in the short term, making it the biggest on-chain short risk this week.
4. The expectation of hawkish statements from the Fed is gradually fermenting.
5. End-of-month fund withdrawal.
6. The Japanese and Korean stock markets are on the verge of collapse at any moment.

Against this backdrop, it is difficult to achieve a large rebound background. Institutions understand the current market rhythm better than we do. 59000 has been tested multiple times, and rebound momentum has gradually decreased. This time, it will drop so much that you will doubt life. If the force is a bit stronger, it will reach 48600. As for ETH, it looks tough on the surface but is actually as fragile as a piece of paper. When an avalanche occurs, no snowflake is innocent. 900 for ETH is not far away.

At this moment, follow the trend lightly with the five-word mantra, please remember!

In operation, BTC: light position short in the 61000 area in the afternoon, hold for swing, add short on bounce, target 54800, ultimate target 48600, step by step lower.
ETH: swing short in the 1620-30 area, add short in batches on bounce, target 1260 to 900.

Short while cherishing! Bottom fishing, proceed carefully! $BTC $ETH #BTC下探60000美元关键关口 #美光财报超预期盘后大涨 $ETH $BTC #比特币跌破200周均线