Wednesday afternoon, Jingyi's idea: shorting on rallies

21:00 Walsh is about to speak, the crypto circle falls first as a sign of respect???
Bitcoin loses 580, Ethereum drops over 3%, over 85k liquidated in 24 hours, the market releases negative sentiment ahead of his first public speech.
Bitcoin's previous high of 655 has been fluctuating downward, this round dipped to a low of 577, overall in a downward channel, highs and lows continue to move down, the major trend is bearish. Intraday pressure is obvious, resistance zone above 590–595, support below 577

Compounded by the expectation of Walsh's hawkish speech at 21:00 tonight, macro negative factors suppress crypto risk assets, the overall environment is bearish.
Trading Advice
Bitcoin rebound under pressure in the 590–598 range, short on stalling, first target 577, if broken look at below 570, 550, 450
Ethereum rebound in the 1595-1620 range set up short positions, target 1550, 1510, if broken look at 1450-1320
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