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$ETH Yesterday's Market Review
Yesterday, during the day, the market recovered to around 1660. Many thought it had stabilized and started going long, only to buy at the highest point. The strategy yesterday was still to go short. Based on 24-hour liquidation data, over $1 billion was liquidated, with long positions accounting for $842 million and short positions around $200 million. This wave of liquidation has essentially wiped out most long positions. ETF spot funds have been flowing out for five consecutive days, with a particularly large outflow of $780,000 yesterday, totaling $1.7 million over five days. This indicates that institutions are heavily selling. Third Brother still maintains a bearish view.
Personal Trading Suggestions for Today
Bitcoin: Short near 60000, target 58000.
Ethereum: Short near 1560, target 1450-1420.
$BTC