Tuesday, the 8th, the market experienced a significant decline, and the short positions were very successful!

The continuous rise ultimately led to a pullback. Before the decline, we had seen several days of bullish sentiment, and after yesterday's rise to the 102500 area, the market faced some pressure, continuing to consolidate at high levels. In the morning, we decisively switched our strategy and advised to short at the 102500 area. In the afternoon, the market gradually moved downwards, and by evening, it returned to the 97100 area. The shift in strategy was quite perfect. Successfully avoiding the peak.

We were also bearish and continued to provide reminders to look at the continuation of the bearish trend. The market's movements were very much in line with our expectations. During the day, a total of 6 contracts of Bitcoin were traded, yielding 6791 iodine, and 6 contracts of Ethereum yielded 324 iodine. The strategy was given in advance in the morning, and we firmly maintained the bearish outlook. Each round of participation was based on the publicly shared strategy. Therefore, certain small black fans can step aside.

Currently, the daily chart shows a large bearish candlestick that has completely absorbed yesterday's gains. The short-term momentum is starting to weaken; we will see if the support at the middle track of the daily chart around 96000 can hold. From the 4-hour chart perspective, consecutive bearish candles have broken the previous upward structure, and there may still be a continuation of the bearish trend in the short term. It is noteworthy that the lower track of the 4-hour chart is also near 96000, making this level particularly crucial; we are only looking to see if the shorts can effectively break through this area in the short term. On the hourly chart, we need to pay attention; the current decline is quite deep, and if bearish momentum can be released, we should not overly chase shorts in the short term, especially since the current price has stopped at around 97100 and has not broken down further. Therefore, we should be cautious of a rebound correction after the decline in the short term, mainly looking to short on rebounds.

In the waves of trading, the ups and downs are like the surging tides of the sea. Every decline is accumulating strength for the next rise; every stop-loss is trimming the chaotic branches on the investment path, allowing the main trunk to grow stronger. Do not let temporary green screens blind your eyes; that is just a dormancy before success. #BTC重返10万 #币安MegadropSOLV #比特币走势观察 #加密市场反弹 #币安MegadropSOLV $BTC $ETH $XRP