No flashy things, just solid analysis, and even more solid points. Bitcoin and Ethereum shorts have both reached their targets! The market has been diving in the afternoon, and the short strategy has been given in advance. Our positioned shorts have both been successful, once again capturing a space of 1000/68 points! Currently, the market has stabilized around 95000! It is advisable to prioritize looking for a rebound! In fact, the path is not that far; it’s just that the choice was not the right one.
From the current overall structure, after the dive, there hasn't been a significant rebound, though there was a slight one. However, compared to the drop, it can only be seen as a correction. As I mentioned before, don’t go against the trend in this kind of one-sided release of momentum, and definitely don’t blindly follow long positions. Only consider the issue of trend reversal when a large and rapid rebound occurs. At the moment, it can only be described in three words: the bears have just started to gain momentum. In the short term, I still favor bearish volume after the rebound, and this remains unquestionable. Currently, I still expect bearish volume after the rebound! #BTC☀ #ETH🔥🔥🔥🔥
Bitcoin is hovering around 95500-96000, with a target expectation of 94000, while Ethereum is around 3620-3640, with a target expectation of 3540.