Today, a new friend’s second trade was to enter an ETH short directly at 1906 in the afternoon, then take profit and exit smoothly at 1881, pocketing 2501 oil on the trade. This short captured 25 points of room; once the target was reached, we closed out without panicking at all. With me here, you don’t need to panic—I’ll naturally let you know when the target is reached. $ETH

8.15 Saturday Afternoon Market Analysis In the afternoon, BTC is still hovering around 63,000, with weak resonance across all timeframes. The short-term downtrend is difficult to reverse in one move. The first resistance at 63,100 and ETH at 1,888 continue to exert pressure. The bulls have repeatedly attempted to break through, but have still failed to break above and stabilize. Unless this resistance is broken and held, the rebound cannot continue higher. Moreover, judging from the trading volume, the current rebound is occurring on declining volume. This trend does not indicate a genuine desire to rise; it is merely a natural rebound after an excessive decline, and there remains a risk of a second drop later. From the 4-hour and weekly charts, the market has broken below the midpoint support of the major consolidation range at 63,700. If this level cannot be reclaimed, an uptrend at the 4-hour level cannot officially begin. Last night’s decline reached a low of 62,400, very close to the previous low around 62,200. The market is expected to continue consolidating around the range before choosing a major direction. Before the resistance level is firmly reclaimed, a rebound is only a rebound, not a reversal. ETH’s recent trend has remained stable, with neither the upside nor downside breaking out. It can only consolidate within the 1,895–1,850 range, with no major trading opportunities. If you want to trade, focus mainly on selling high and buying low within the range. Conservative traders can also wait for a breakout signal before following up, The bearish trend remains intact. Operationally, continue to focus on shorting rebounds in line with the trend. Weekend price fluctuations are relatively small, so maintain proper protection and control your position size. BTC: Short near the rebound around 63,100, targets 62,500→61,800 ETH: Short near the rebound around 1,888, targets 1,850→1,820 #GateLaunchpool瓜分141万枚DOS $BTC ‌$ETH ‌

Looking at crypto right now feels really unhealthy.. There are lots of shitcoins serving as bait to trap us.. Meanwhile, trading strong coins, the market is relatively sideways and gradually declining $BTC $GT $ETH