1.10 Morning Analysis - Short Position 12,000 Big Meat

Watch more, act less! The recent market has been plummeting, falling endlessly. From Tuesday morning's 102,700, it dropped all the way to 91,000, a decline of 10%, causing tens of thousands of people to explode in just a few days. I also tried to rebound twice, but gave up without any decent results. Currently, the short positions at 102,000 and 3,720 are still held.

1. BTC Current price 93,000. After breaking the previous low of 91,500 at 4 a.m., the price recovered. The daily line has three consecutive bearish candles, and the indicators show a clear bearish trend. In the medium-term, there is some buying power accompanying the second test; many people are still bottom-fishing here. There is no obvious structural pattern, and I still maintain the original plan. The target for this major correction is at 85,000. Today is Friday, and there are non-farm payroll data tonight. After these days of adjustment, it is estimated that there will be significant fluctuations tonight, so short orders can be placed above.

Intraday Strategy

Short at 96,000-97,000-98,000 Stop loss 98,500 Take profit 95,000/93,000

Long at 91,500-91,000 Stop loss 90,000 Take profit 94,000/95,000 (valid before 8 p.m.)

2. ETH Current price 3,240. Recently, Ethereum has dropped more than Bitcoin. Although it did not break the previous low last night, do not think it has strengthened; the rebound is still very weak. There are several large bearish candles on the daily line, engulfing the previous consolidation's momentum. Currently, the bears are still dominant. The price has touched the daily EMA channel again, but it lacks significant reference.

Intraday Strategy

Short at 3,390-3,450-3,550 Stop loss 3,580 Take profit 3,300/3,250/3,000

No participation in long positions intraday.

3. Reduce trading frequency and wait for suitable trading opportunities. Live broadcast at 8 p.m., fighting non-farm payrolls together with everyone! #btc #eth