From yesterday to today, the big pie has declined by 6000 points, moving from 98999 to 92666 in a four-hour level correction. Currently, signs of a stop-loss are appearing, and the market is beginning to rebound, running back to around 94300. The market makers are once again launching an attack to boost the bulls, giving the bears unlimited confidence. However, considering the recent market movements from 69000 up to 99000, this correction is quite normal. Nonetheless, it still has an impact on the short-term trend. If this correction cannot forcefully reach 98000, it indicates that the market may decline again. Currently, the likelihood of that seems low, so today we will mainly adopt a rebound short strategy.
Let’s take a look at the altcoin. The correction space for the altcoin yesterday was not as significant as the big pie. After two unsuccessful attempts to break below the support at 3350, the market still shows a rebound. Currently, the rebound has not yet ended. Like the big pie, we can treat today with a rebound short strategy. We are still holding the position, and for the big pie, we first aim for 95000, while for the altcoin, we first target 3490.
Big pie: Short near the rebound at 95800-96300, targeting 95300-94800-94300.
Altcoin: Short near the rebound at 3500-3530, targeting 3470-3440-3400.
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