$BTC $ETH
Morning Analysis
One night lost $1.027 billion, once again washing away the mountains and rivers...
So those who watched my analysis in the past two days should have escaped a disaster. Let the spot positions be trapped; the contracts are shorted.
The shorting price given in the evening was 102600, and for Ethereum, it was 3720. Almost a perfect entry point. Today's short position should be reduced.
The spiral decline will definitely have a rebound. If you want to short the big positions, you can take small positions to catch the rebound. It's better not to think about holding short since the bull market hasn't ended. Barely shorting to 80,000 or 90,000, Ethereum around 3050 should be about right 😹!
Looking at today's market, Ethereum has dropped sharply, breaking below 3400 down to 33, encountering support at the 3-day line, with a slight rebound. The bottom instant trading volume was 100,000, not bad, completing a rebound of 100 dollars. Prepare for the second injection! The weekly chart has started to enter a dead cross, which is a bit troublesome. It should break the previous low during the day without any issues, in order to complete the KDJ reaching the bottom. If it goes down big, then we can reverse and enter long positions, looking at around 3280 to see if it works.
Bitcoin dropped to 956, with a rebound to 97 lacking strength, indicating that another injection is needed, but the support at 94 is very strong. Additionally, the daily MACD needs a rebound to return to the zero axis, and KDJ is almost at the bottom, so it's best to have another injection. Therefore, let's see if there's a suitable position to catch the rebound at 94. If 94 is broken, it will drop straight down to 90,000. This is the strongest support; let's see how the situation develops for another rebound!
