Many people asked this morning whether they can still chase 74000-75000? Today is Wednesday, it is recommended to lock in most of the profits and let two to three percent of the remaining position chase. This was planned when entering the market on Sunday, because tomorrow is Thursday night, Friday may be a needle drop, and if it pulls back to 70850-70000 it is a low long opportunity. Aggressive traders started to layout short positions yesterday, high position shorts will not incur losses as long as they are not heavily leveraged.
Tomorrow 10.31 will be a needle drop, Friday 11.1 will be a needle drop, Saturday and Sunday 11.2-11.3 will be oscillating, Monday and Tuesday 11.4-11.5 will see a rebound before the US elections, Wednesday 11.6 will have a rate cut landing with needle drops up and down, so officially, there will be a correction before Thursday 11.7, and the correction must reach at least the middle track of the weekly Bollinger Bands before pushing higher.
Even if 74000-75000 breaks through, it will not be stable right away, usually there will be repeated pullbacks to 73800-72300, and the upper area of 76600-77700 is also a strong oscillation zone, so the possibility of pulling up to 80000 all at once before the elections is low. Rising to 76000 can liquidate 500 million USD in short positions, while falling to 70000 can liquidate 700 million USD in long positions, and falling to 66000 can liquidate 900 million USD in long positions, you guess how the dealer will choose?
Additionally for eth: 2666, 2685, 2770 can be shorted in batches.
For sol: 183-187 can be shorted in batches.
