#BTC Noon market data shook and consolidated until the afternoon before seeing a surge in volume. Our short orderMargin Replenishment entered earlier in the morning continues to hold, while the short order entered later also continues to hold. Both exited with profits in the end, with Ether (ETH) following the same pattern. The intraday price trend continues to decline, with BTC reaching a low of around 92400 and ETH reaching a low of around 3344.
The current market sentiment is still bearish, and the current price comparison gives a certain Rebound for adjustment. The strength of shorts still dominates. On the four-hour chart, it has always maintained a weak downward trend, probing the support below, and the strength of the Rebound repair is relatively weak. The overall rhythm is slow due to the market sentiment. In the short term, the market is mainly oscillating and falling, and the downside space is gradually opening up. There is no clear sign of a significant bottoming out and Rebound. We will follow the support level of the support, if it falls below this level again, it will be expected to further test near 90000, and we will mainly focus on short positions as the main strategy.
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#BTC Noon market data shook and consolidated until the afternoon before seeing a surge in volume. Our short orderMargin Replenishment entered earlier in the morning continues to hold, while the short order entered later also continues to hold. Both exited with profits in the end, with Ether (ETH) following the same pattern. The intraday price trend continues to decline, with BTC reaching a low of around 92400 and ETH reaching a low of around 3344.
The current market sentiment is still bearish, and the current price comparison gives a certain Rebound for adjustment. The strength of shorts still dominates. On the four-hour chart, it has always maintained a weak downward trend, probing the support below, and the strength of the Rebound repair is relatively weak. The overall rhythm is slow due to the market sentiment. In the short term, the market is mainly oscillating and falling, and the downside space is gradually opening up. There is no clear sign of a significant bottoming out and Rebound. We will follow the support level of the support, if it falls below this level again, it will be expected to further test near 90000, and we will mainly focus on short positions as the main strategy.