#Market Volatility, Add Positions or Stay Observant?
After tonight, will the bears come to an end? Can the 90,000 mark hold the counterattack?
After tonight, I think it's best not to rush to short again; the bears have been fierce these past two days, and the 8-hour and 12-hour rebounds have also ended. This pullback is almost at its bottom. Friends who like to short should wait for a rebound to a high point before shorting, as that would be more stable. Some people think this pullback can drop to 80,000 or 76,000, but I don't think that's likely; at least I don't see signs of it now. I estimate it will only drop to around 88,000 to 87,000 at most. Because the daily line is still far from the zero axis, it's too early to say there will be a significant adjustment. The 90,000 position will not be easily broken effectively. When it rebounds to 93,000 to 95,000, the market will choose a direction again.
If the indicators below 4 hours can recover and strengthen, then a major adjustment above the daily line may be nipped in the bud. From tonight to tomorrow, if the 8-hour and 12-hour MACD returns to zero, it will easily change the trend upwards. So, the focus now is still on buying the dips; if the price is too high, then short a bit. Once the pullback stabilizes, look for opportunities to push upward. $BTC $ETH $SOL