The market has been continuously falling in recent days, and it once again fell below the 90,000 mark early this morning, reaching a low of around 86,100. Although we haven't updated our strategy article recently, familiar frens should know that we have been primarily bearish and focusing on shorting for a while now. As mentioned before, we won't easily change our approach, so the drop in the early morning will be missed. BTC's short gained 5,000 points, and Ether's short gained 200 points, and we won't miss this opportunity to increase the position.


From the daily chart, it can be seen that the coin price continues to fall, and there hasn't been any significant rebound during the decline, which indicates how weak the market is. Rebounds during a downtrend are just normal market corrections, so don't easily change your mindset due to a slight rebound; just maintain a bearish outlook and continue shorting. On the 4-hour chart, the downward trend of the coin price is extremely strong, with no signs of change. Each decline has been accompanied by a slight rebound, followed by another downward movement. Currently, there are no signs of stopping, and the space below is still ample, so just keep a bearish outlook.
Shorting BTC between 86900 and 87300, watch 84700; shorting Ether between 2850 and 2885, watch 2700.

#逆势上涨币种推荐
ETH0.32%
BTC0.04%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)