Some things are just like this: even if you are afraid, you still have to bravely try. If you endure, you will see the sunshine. Put aside your fears; the opportunities in the world are endless, but they still need someone to seize them. If you don't reach out, how can you be pulled to shore? Looking back at yesterday's market conditions, the daily volatility was quite large, peaking at around 103000 in the early morning, then facing resistance and falling back to around 101500. The entire market has been fluctuating within a narrow range until the evening when there was a waterfall-like drop, leading to a decline of nearly 5000 points. It has now stabilized around the 97000 level. However, for our daily layout, it was still quite good: going long in the early morning, then shorting in the morning, and observing the market pressure in the evening, we continued to set up two short positions, all of which were successful. The big pie gained over 6000 points, and Ether gained over 140 points, making it a relatively satisfying day. #BTC☀ #ETH🔥🔥🔥🔥🔥🔥
From the current market structure, after a decline of nearly 5000 points, the market has entered a consolidation phase, with an overall weak trend. After a series of bearish movements in the 4-hour structure, although there was a rebound from the bulls, the strength and continuity were completely suppressed by the bears. This can also be understood as the current bullish momentum being insufficient, which further indicates that there is a lack of upward momentum in the short term. The overall structure still needs a wave of retreat to improve. Therefore, even if we want to set up bullish positions, it is necessary for the bears to confirm the bottom support before considering bullish setups. Friends who are currently in cash do not need to rush to enter the market; just confirm the support before entering.