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Looking back at the intraday行情, Bitcoin had a small waterfall early in the morning, with the price directly plunging, breaking the key support at 58000, reaching a low of 57800. Then the bulls started to counterattack, and at noon it surged to 59500 before facing resistance and pulling back. In the evening, as the US stock market opened, the price was once again driven all the way up, returning to the 60000 mark, and testing a high of 60536. Currently, the price is oscillating around 60000, and Ethereum's movement is linked to Bitcoin.
Lao Yang's intraday real-market layout of long and short both-way strategy achieved good results, with Bitcoin gaining 3683 points of space and Ethereum 137 points. Currently, a short order at 60273 is still being held.
In the long term, follow the trend to grasp the direction, steadily control the rhythm of the market. The market has ten thousand ways to shake you off, but you only need to make one choice: think clearly, and then execute!
From the current chart perspective, Bitcoin's daily line has consecutively received multiple solid bearish candles with a few weak rebound dojis. The highs of the rebounds are gradually lowering, and the lows are continuously refreshing. It can be seen that the bearish structure of the larger cycle is still solid. We continue to view all rebounds as mid-downward repair.
The Bollinger Bands are opening and expanding downward, with the price running close to the lower band. The middle band at 62000 forms a strong resistance zone. Currently, the band width is still expanding, and volatility is increasing. Although the price has briefly stood above the 60000 mark, it has not stabilized. The bearish trend has not weakened, and there is no basis for a unilateral reversal.
So continue to follow the trend and go short.
Midnight Bitcoin short in the 60000-60500 range, target around 58500
Midnight Ethereum short in the 1600-1630 range, target around 1550
#Sharplink增持1万枚ETH $BTC $ETH