This pattern is very familiar, definitely a bearish trend, rebound - pullback - rebound - pullback, forming a continuous bottom-testing structure, which is very similar to the structure at the end of last week. Is the market maker not going to backstab again? Is this not wanting the bulls to survive? The morning market has once again unfolded, and the pattern structure is basically very clear. We have also repeatedly reminded what points to short in the previous text, and where to look, it has basically arrived as expected. After shorting, we went long again, and both contracts took off directly, totaling a gain of 2600/130 points! Many people here are itching to bottom-fish. Let me give you a piece of advice: stay alert! #btc #eth
At the beginning of the week, there was another significant pullback, and this time it also directly gave a spatial pullback. This corrective posture is expected to continue. A change in trend must be a combination of strength and time. With strength established, what is needed next is a period of oscillation. Overall, we are still in a weak rhythm, and the layout can continue to look for bearish strength after a rebound. As long as the pattern is not broken, we can continue to look for oscillation pullbacks. It is very likely to test the support near 92000 again, and around 3100 for Ethereum!
Bitcoin can be shorted around 95000, which is relatively stable! For the more aggressive, you can enter the market for a short-term trade once it rebounds a bit, targeting around 92000, and keep Ethereum in sync, looking at this 3100 position!