Wednesday, the bears probe 94500, can you dare to enter at this position?

In the morning, although a long position was suggested at around 96800, it was also clearly indicated that if it falls below 96000, one should decisively turn around. After a stop loss of over 1000 points in the real market, I directly reversed to short. In the afternoon, the loss was recovered, and after the price hit 94500 again, I caught a rebound and took another profit of 1000 points. Currently, I am still holding a short position near 96000. Although the intraday adjustments were timely, the overall results were not satisfactory, with Bitcoin only netting over a thousand points and Ethereum barely gaining less than 50 points.

After continuous probing downwards, the evening actions have slowed down. As of now, Bitcoin is basically maintaining a fluctuation range between 94000 and 96000. For the midnight strategy, although this wave has mostly played out, the short-term pattern is still weak. There may still be downward probing, but the further continuation will not be too strong. Currently, it is mainly in a stage of accumulation. If there is another downward action at midnight without breaking 93500, it is recommended to try to reverse and enter a long position, starting to move towards a fluctuating rebound rhythm.

Ethereum, for now, still maintains a weak stance. In short-term operations, follow Bitcoin's lead, first short then long, with support in the 3260-3300 range and short-term resistance at 3460.

On Wednesday midnight, continue to hold the short position near 96000 for Bitcoin, initially looking for a pullback in the 93500-94000 range. If it stops, one can enter a long position, expecting a rebound in the 97000-98000 range. For Ethereum, continue to hold the short position near 3370, looking for a pullback in the 3280-3300 range, stopping in sync with Bitcoin for a reversal entry, looking for a rebound above 3400.

No matter how much one says, it’s not scary to be wrong about the direction; what’s scary is always holding onto a lucky mentality and stubbornly resisting. In a market that can easily swing seven or eight thousand points back and forth, being headstrong can easily lead to injury. Remember, never go against the trend; only being beaten is the best teacher! As the year-end approaches,

whether one can finally turn the tide and laugh till the end relies entirely on one's own choices!

Eating meat and recovering losses is just a cycle; I’ll say no more. Wishing everyone all the best! #加密市场回调