Looking purely at the weekly technical chart, after the breakdown, the sell-off with volume hasn't stopped at all. The bearish trend is set in stone. The recent bounce is obviously pathetically weak!



After the big drop, there's been no decent rebound at all. It barely rallies a bit before losing steam, and when it finally manages to inch up, the second dip completely wipes out all gains. There's absolutely no support whatsoever.

Before we see any reversal signal now, don't blindly catch falling knives or try to guess the bottom. Going long against the trend is just throwing money away. Ride the trend and hold short positions all the way!

Bitcoin: Short directly at 60000-60500, targeting 58000, 57000.
Ethereum: Short at 1570-1590, targeting 1500, 1470.
#0成本拿2股SK海力士 #美光市值超越Meta跻身全美前十 #法国VS挪威 #美国5月PCE通胀升至4.1%创三年新高 #USD1链上质押享年化9.48%
USD1-0.01%
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GateUser-818d3026
· 8h ago
The weekly breakdown looks really ugly, but shorting to 57000 is quite a bold thought.
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BridgeUnderTheMoonlight
· 10h ago
PCE 4.1% still going up, shorting under the expectation of tightening liquidity is indeed comfortable, but what's up with the SK Hynix label?
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雾里看TVL
· 11h ago
This bearish trend is too smooth; a rebound is just an opportunity to add positions.
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