Looking at the daily chart, BTC continues its downward trend after adjusting for two days, with a minimum fall to around 89000. The entity has broken below the support at 94000, which can be considered a short-term resistance level. For support, temporarily refer to the low level around 89000! Ether also breaks new lows again to around 2950, with the entity having broken below the support at 3100, which can also be viewed as a short-term resistance level. For support, temporarily refer to the low level around 3950!
On the 4-hour level, BTC is basically in a downtrend after a consolidation, continuing to fall and then consolidating to sustain the bearish momentum. The current consolidation range refers to 90000-92000-94000. Ether's pace is actually stronger than BTC; the current consolidation range refers to 3100-2950. The projected downward continuation point for BTC yesterday far exceeded that of Ether!
Yesterday's analysis indicated that although the current market has formed a small V-shaped rebound, we should still view it as not having broken out upward. Therefore, we continue to position high-level short orders, and subsequently, we successfully saw the expected decline. The continuous positioning has also brought in substantial gains. Today, we will continue with short orders. In case of a strong rebound, you can refer to the consolidation range mentioned in the previous text to act accordingly!
Operational idea:
Short BTC at 92000-92500, target 91000-90000, stop loss above 94500;
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Looking at the daily chart, BTC continues its downward trend after adjusting for two days, with a minimum fall to around 89000. The entity has broken below the support at 94000, which can be considered a short-term resistance level. For support, temporarily refer to the low level around 89000! Ether also breaks new lows again to around 2950, with the entity having broken below the support at 3100, which can also be viewed as a short-term resistance level. For support, temporarily refer to the low level around 3950!
On the 4-hour level, BTC is basically in a downtrend after a consolidation, continuing to fall and then consolidating to sustain the bearish momentum. The current consolidation range refers to 90000-92000-94000. Ether's pace is actually stronger than BTC; the current consolidation range refers to 3100-2950. The projected downward continuation point for BTC yesterday far exceeded that of Ether!
Yesterday's analysis indicated that although the current market has formed a small V-shaped rebound, we should still view it as not having broken out upward. Therefore, we continue to position high-level short orders, and subsequently, we successfully saw the expected decline. The continuous positioning has also brought in substantial gains. Today, we will continue with short orders. In case of a strong rebound, you can refer to the consolidation range mentioned in the previous text to act accordingly!
Operational idea:
Short BTC at 92000-92500, target 91000-90000, stop loss above 94500;
Short Ether at 3070-3100, target 3000-2950, stop loss above 3170;
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