Evening analysis on the 8th

Bearish news is everywhere, and everyone is looking to short. But remember one thing: when everyone is looking to short, don't blindly go short—at least choose an appropriate entry level. Otherwise, a reversal could easily trap you. The short-term is approaching oversold territory, with demand for a minor rebound correction, but the medium-term trend has weakened. If the rebound cannot hold above the middle Bollinger band at 63,102, the pullback may continue. When uncertain, trade with a light position. After all, with Trump's intervention, technicals often don't apply. The market has already digested some sentiment during the day. Yesterday, I told everyone that a drop today was inevitable—that rally yesterday was just a bull trap, giving you a chance to open shorts. Yet some still didn’t dare, and now they regret it. Today, the level near 61,800 was successfully reached. My personal suggestion: around 62,500–93,200, first go short with a light position, leaving room to add to the position later. If you can’t wait, find your own level and short lightly. #BTC #ETH #BTC走势分析