The Bit hourly chart shows a double long wick candle bottoming pattern at 98888, but this does not indicate a trend reversal. The current market sentiment is shifting, making short positions more difficult to maneuver, and being trapped in short-term positions is a normal situation. Any rebound should be viewed as "picking up passengers on a reverse trip," rather than a trend reversal; it is still too early to assert a reversal.
If no position is established, you can try shorting with a light position at 104600, add to the short at 105600, and set a uniform stop loss above 106000. If you have already entered the market during the white盘, then hold patiently, and add positions near 105600, keeping the overall cost within the range of 105000-105600. The targets below are sequentially 102000, 101000, with the ultimate target being 99000.
Strict stop-loss, never blindly add positions. Pay close attention to the suppression effect of the 4-hour Bollinger middle band at 105600. $BTC #
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The Bit hourly chart shows a double long wick candle bottoming pattern at 98888, but this does not indicate a trend reversal. The current market sentiment is shifting, making short positions more difficult to maneuver, and being trapped in short-term positions is a normal situation. Any rebound should be viewed as "picking up passengers on a reverse trip," rather than a trend reversal; it is still too early to assert a reversal.
If no position is established, you can try shorting with a light position at 104600, add to the short at 105600, and set a uniform stop loss above 106000.
If you have already entered the market during the white盘, then hold patiently, and add positions near 105600, keeping the overall cost within the range of 105000-105600.
The targets below are sequentially 102000, 101000, with the ultimate target being 99000.
Strict stop-loss, never blindly add positions.
Pay close attention to the suppression effect of the 4-hour Bollinger middle band at 105600. $BTC #