12.6

The cryptocurrency yesterday was really impressive, 🐶 Zhuang was frantically washing the market, showcasing a dramatic price movement, hitting 90200 in the morning with a massive sell-off, resulting in a liquidation of 420 million dollars, the largest single-day liquidation in nearly three years.

The daily chart shows a direct spike, with this back-and-forth movement being over 20,000 points, which is truly rare. Given the current situation, I don't even want to look at the market; what’s needed more is faith. However, looking back, if we exclude yesterday's spike, the cryptocurrency is still in a range-bound market. For the time being, it should be treated as a fluctuating market, primarily focusing on short positions.

It is suggested to short around 98200 on the rebound, add to the position at 98800, with a stop at 99050, and look down towards 97000-95000.