Last night's air situation gave another wave of pull-up, and then fell under pressure in the morning market. The current performance once again shows a stagnant state. The price is hovering below 65,000, and the daily line shows a pause correction in the downward trend. The current key is to observe whether the market is in a weak consolidation or about to rebound and correct. Trading is like a contest between long and short parties. There is always a fierce confrontation, and the winner is the strong one. What we have to do is to follow the trend. Recently, the shorts have dominated and the longs cannot resist, so we can continue to follow the trend of the shorts. But the most taboo in trading is stubbornness, blindly chasing highs or buying at the bottom. Even if you are lucky enough to succeed once or twice, this is not a long-term solution. The real wisdom lies in following the trend, not predicting it. If you blindly predict the market, you may fall into the trap of stubborn longs or shorts and find it difficult to extricate yourself. The current suggestion is to rebound short.
Cake can be taken short at 64900-65200, with a target near 63700; Ethereum can be taken short at 3550-3580, with a target near 3430.
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