This drop has not quite matched our expectations for today; in the short term, we won't chase shorts, as there will be a slight rebound for correction. This kind of rapid rise and fall can easily bring us back near 94,000. It's safer to go for shorts, although it is possible to go long at a spike, this really tests everyone's on-the-spot ability and speed.

It's not easy for non-clients of Old Xiao to give you points and advice for going long. The wide back-and-forth oscillation pattern requires attention to key points. In the afternoon, it fell to around 92,400 before stopping the decline and rebounding. The hourly chart shows signs of a door pattern; although it is a downtrend, we still need to give some respect to the support of the intraday low.

Let me clarify for everyone, it's not that I don’t give stop-losses. The pace of market fluctuations is too fast, and since everyone receives information at different times, I am not clear about your positions and trading habits, so I cannot give a unified answer. Sometimes, when the market direction is too extreme, some friends come to mock Old Xiao for blowing up accounts. Don’t worry, I understand the importance of risk control and stop-loss better than you do. In short, everything should be guided by real trading!

Tuesday Afternoon Trading Strategy

Bitcoin: Short in the 94,000-94,500 range; Target: 90,000

Ethereum: Short in the 3,420-3,450 range; Target: 3,280

If your trading is not ideal, you can walk with the light. It is redemption and rebirth. Old Xiao, a pioneer who has been in the crypto space for seven years, is dedicated to rescuing every victim trapped in the mire. Reach out your hand, and I will pull you up!