9.2 BTC keeps falling below the support, is this crazy short-selling? Or is it creating the illusion that it will fall?

The market has frequently been blocked in recent times, and the demand for callbacks has increased significantly. The market was dominated by short forces yesterday and maintained a downward trend throughout the day. From a technical perspective, the current market is in the midst of an adjustment cycle at the daily and weekly levels. Therefore, this stage is not the best time to enter the market to buy dips. Wait patiently for this wave of adjustment trends to be completely completed until a clear signal of stabilization is shown at the daily level.

Grasping the direction is the key to successful trading. Once the direction is misjudged, subsequent operations may deviate from the right track. Last night, the market fell again to test the support. The 1-hour level fell directly to the key support low of 57,000 for four consecutive negative days. After the pin was inserted, it rebounded slightly and fluctuated sideways above.

At present, it seems that the lows are continuously lowering. I told you some time ago that the daily level is in a downward channel. Therefore, except for the K-line in the past few days, which closed positive on the 29th, the rest have closed negative. The overall situation is also To be expected.

The market is oscillating at a low level. If the market continues to maintain the follow-up trend, it will probably push the needle upward first, and then continue to fall. Both the monthly and daily lines are negative. Our main idea today is to go short on the rebound. The real bottom has not yet arrived! The recent market operation is not ideal. Consult btc0796 and find me to exchange market information.

The pie rebounds: 58500-59000 empty, target 58000-57000, break position to see 55000, defend 59500

Ether rebound: empty near 2500-2540, target 2400-2300, defense 2570

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