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Good evening everyone, I mentioned earlier that the overall trend remains unchanged. I reminded everyone to take high short positions in the morning and after the afternoon. After hitting the bottom in the morning, our long order also followed with a wave, which is still good. The short order in the afternoon was also closed in time for a profit of over 700 points. The overall fluctuation of ETH in the afternoon is not very large, and the market has been continuously buying for Market Stabilization, and subsequently, we will also ensure the capital preservation.
The intraday Bitcoin market shows a反v pattern. After hitting the bottom in the early morning, the price rebounded, reaching a peak near 102100 before stopping. The strength of the short-term rebound repair is not very strong, and the second wave of decline has not yet completely ended, while the third wave of decline is still brewing. From an hourly perspective, the price has shown a five consecutive阴 pattern, touching the middle track of the Bollinger Bands at 100800. The gains from the previous rebound have also been fully recovered by the空头. In this case, as the highs gradually decline, do not blindly chase the rise and kill the fall.
Bitcoin: At the current price near 102300, directly place a short order. The first target is to see 100800; if it breaks, you can follow the trend down to 100000-99500 here.
Just proceed with the ETH side synchronously.