Midday Analysis
Last night, while everyone was looking bullish, I said to be bearish, and a bunch of people questioned it.
At 98100, I directly called for a short, while others said it was a good position to buy the dip, and it turned into a high position to short instead, with a space of 5500 points from 98100 to 92600.
Currently, from the market perspective, there is a signal of a stop in the decline at the one-hour level, but it is only a temporary stop at a small level. For those going long with a stop loss, take profits when you see them, do not be overly ambitious. The crash has not ended, and the pullback has not ended either. Just be patient and wait.
Bitcoin: Pull back to around 93800 to go long
Target 95500 to 96000
Ethereal: Pull back to around 3400 to go long
Target 3520 to 3580
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