Midday Market Analysis👀👀👀
Since yesterday, the market has experienced a sharp pullback, briefly falling to around $92,800, exceeding expectations, and the market structure has also changed.
Today's market remains weak🥀
From the four-hour chart, major moving averages are showing a downward opening.
Therefore, today's trading strategy focuses on shorting on rebounds, suggesting to first take a light long position and then short later.
Trading Suggestions:
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Bitcoin: It is recommended to short in the $95,500-$96,000 range, with a target down to $92,500, and then decide whether to reverse based on market reaction.
Ethereum: It is recommended to short in the $3,450-$3,500 range, with a target down to $3,350, and reassess whether to go long after breaking down.
Attention💥💥💥
The market still has volatility risks, so be flexible when trading.
