Tuesday, October 12, weak rebound, short in line with the trend!

Overnight, Bitcoin continued to decline, with the current price dropping to the lowest line of 94,100. This drop has again dealt a heavy blow to the bulls. Last night, Zichen clearly indicated to go short, and those who followed are naturally reaping the rewards. Currently, the price has touched a bottom and rebounded above 97,000, but the short-term trend remains weak, and the future rebound is under pressure, so we can continue to pay attention to the continuation of the bearish action.

On the daily chart, a large bearish candlestick has plunged into the mid-range area, suppressing the gains from the last three trading days. In the short term, the bullish rebound momentum has weakened, and the indicators are also turning downwards, showing signs of a continuation downward. The short-term trend has clearly shown a weak shape, so as long as the structure remains unchanged, we maintain the direction of the trend, and we can operate by shorting during the rebound under pressure.

In the morning, we suggest shorting Bitcoin in the 97,600-98,000 range, targeting the 96,000-95,000 area, and if it does not continue down, we can flip to long.

Short Ethereum in the 3,730-3,740 range, targeting around 3,600.

When your talent cannot support your ambition, you should calm down and learn; when your ability cannot manage your goals, you should settle down and practice. Choice is greater than effort! $BTC $ETH $XRP #Meme齐涨 #山寨季将持续多久？