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Dragon head breakeven series
On Saturday, when the dragon raises its head, may everyone soar and dance in the cryptocurrency world!
Yesterday, after hitting bottom and rebounding, the U.S. stock market surged across the board following the release of the PCE data, which also influenced the evening cryptocurrency market. It followed the rebound all the way, with the price before the data at 80500 and directly jumping to 85000 after the data. It alternately washed out short positions and long positions, which was simply unbearable. Looking at the settlement map, many coin holders have once again become trapped in breakeven situations!
Today, looking at it, there will be fluctuations, but the key issue lies in the continuation. Whether the impact of data can reverse the situation, whether it is a fleeting pure short or buying pressure has a strong push at 78000. This is what we need to pay close attention to.
Based on the current sentiment, most of the short positions have been cleared in the liquidation map, and the chips below are currently clearly 3:7 open. If you are the institution, how would you choose at this time, continue to push, or turn around to wash more than 78000 short positions?
The more it falls, the more it rises, and the more it rises, the more you buy. It can be seen that there are still many players who are bottom-fishing, but this cannot affect the overall background. Tariffs, technical structure breakdown, and the crisis of cryptocurrency security and trust are all cold air! It is necessary to be clear that it has not warmed up yet and it is still a bearish background. It is normal for it to rebound a little after dropping by 20000 points.
Intraday pressure 86500, support 83500, 80500, judging by common sense, the weekend will oscillate and repair excessively in the 83000-86000 range. As for being trapped in the short position at 82000, do not be too hasty. There are many ways in this round to breakeven.
Yesterday it was mentioned not to rush to add positions, after all, there is only a light position of 2%, also reminding everyone to add short positions at the limit in the 85500 area. For those who have already added short positions, the average price should be around 83700. In this area, double short positions can also be added, so the average price will be pulled to around 84100, and it will be very quick. It will be cleared after a slight pullback for a while.
For friends who are empty today, first card point in operation, empty first in the afternoon, first find support, then go long. It is recommended to go directly short in the 86500 area, look near 83500, do not break short, if broken, look at 81500!
Ethereum, there is no big reversal, friends in your 2180 area also have breakeven positions, in the 2270 area, directly double the short positions, you will be able to break even soon!