The more you stare at the market, the more anxious you feel, thinking "the closer I am to the market, the further away the money gets from me." The plummet has come, while others shout "it's a gamble, fortune favors the bold," you are cutting losses with a heavy heart, and just after you cut it, it rebounds, as if the market is watching your little chips. The midnight market once again experienced a big dump, BTC broke the 100,000 mark again after many days, dropping to a low of 98,888 at dawn. Ether fell from the midnight high of 3586 to the current low of 3055, with a single-sided space of over 500 points. Continue to provide a shorting perspective at midnight, all target points have been reached. Precisely locking in the space of Lirun. Friends who followed Lao Gao in shorting are all to da moon.
From the daily candlestick chart perspective, BTC price shows a clear step-down trend. After reaching the upper band of the Bollinger Bands and hitting a historical high, the price began a continuous downtrend. The candlestick pattern forms a standard consecutive bearish formation. Although there were brief rebounds during this period, the bullish momentum is clearly insufficient. These rebound bullish candlesticks generally appear as doji or small body patterns, and the trading volume continues to shrink, indicating weak market buying interest. Although there is a distribution of consecutive bullish trading volume in the short-term small cycle, the rebounds still cannot withstand the impact of the increasing selling volume. Currently, the overall trend remains bearish, and opportunities to continue shorting should be sought during the rebounds. On Wednesday, shorting BTC around 102000 is possible, with a target focus on 100000-98100. shorting Ether near 3300, target focus on 3200-3100.
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The more you stare at the market, the more anxious you feel, thinking "the closer I am to the market, the further away the money gets from me." The plummet has come, while others shout "it's a gamble, fortune favors the bold," you are cutting losses with a heavy heart, and just after you cut it, it rebounds, as if the market is watching your little chips. The midnight market once again experienced a big dump, BTC broke the 100,000 mark again after many days, dropping to a low of 98,888 at dawn. Ether fell from the midnight high of 3586 to the current low of 3055, with a single-sided space of over 500 points. Continue to provide a shorting perspective at midnight, all target points have been reached. Precisely locking in the space of Lirun. Friends who followed Lao Gao in shorting are all to da moon.
From the daily candlestick chart perspective, BTC price shows a clear step-down trend. After reaching the upper band of the Bollinger Bands and hitting a historical high, the price began a continuous downtrend. The candlestick pattern forms a standard consecutive bearish formation. Although there were brief rebounds during this period, the bullish momentum is clearly insufficient. These rebound bullish candlesticks generally appear as doji or small body patterns, and the trading volume continues to shrink, indicating weak market buying interest. Although there is a distribution of consecutive bullish trading volume in the short-term small cycle, the rebounds still cannot withstand the impact of the increasing selling volume. Currently, the overall trend remains bearish, and opportunities to continue shorting should be sought during the rebounds.
On Wednesday, shorting BTC around 102000 is possible, with a target focus on 100000-98100.
shorting Ether near 3300, target focus on 3200-3100.