Currently, the market is experiencing a widespread decline, and it is not recommended to short the market at this time. This is because the risk-reward ratio of shorting now is completely different from that of entering a short position at 10500 over the weekend. The pressure to go long today is a short-term situation that could lead to a rebound and liquidity being seized at any moment. Therefore, chasing shorts right now is not advised!

BTC

Short-term focus for today:

99200-98750-94800,

Any pullback at this moment can be seen as an opportunity provided by the market. This week should still be a range-bound market, and there may be more opportunities in altcoins. Whenever there is good news, certain altcoins might surge. After this week ends, next week will truly be worth paying attention to because the Federal Reserve will announce its interest rate decision again next week.

In a bull market, there are both significant rises and falls. Last week, when the U.S. unemployment rate was announced, Bitcoin did not experience a sustained pullback; it only dipped slightly before recovering.

This reflects the trend of policy. For example, the Federal Reserve Chair said that BTC is a competitor to gold, which is a statement from the Chair of the U.S. Central Bank. This announcement stimulates the emotions of crypto enthusiasts worldwide. Therefore, in the face of trends, no one can stand in the way; macro data has to take a back seat. #APT、ADA、ENA大额解锁