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Tuesday, morning rally brings no good news, Euro fails to break resistance and US falls!
Today's high point has already formed in early trading, and the afternoon European session failed to break above and extend higher. Therefore, the subsequent market outlook is heavily bearish, you can confidently short now. You can appropriately enter the 75000-76000 zone for swing trades! As mentioned earlier, the 73000+ longs I provided have perfectly reached their profit targets. Regardless of where you placed your pending orders, the 76000 zone is also the absolute limit.
So this afternoon with 76000 as the watershed, if there's a slight rebound near 75000, aggressively short and you're done—targeting 71800-69500 downside!
Ethereum is the same, moving in sync. There won't be significant rebounds afterward, it's about to enter a downtrend channel, watching for lower levels step by step! That's all I'll say. Wishing everyone smooth sailing and happy trading!