Tuesday, after the waterfall, continue to short on the rebound!

Yesterday, Bitcoin struggled to rebound at 101500 and fell back. Subsequent tests of the 100000 mark failed to hold, and the downward trend continued. In the early morning, there was another waterfall that washed the market, resulting in a drop of over 6000 points, with the lowest dip around 94000. The midnight strategy is clear, looking for the continuation of bearish trends, but the intensity was much greater than expected. Listening to the market, to some extent, there's no major issue with taking a significant profit.

Currently, in terms of market structure, there's not much good to discuss. After a large bearish candle on the daily chart, one bearish engulfing candle swallowed many bullish candles. Since the resistance at 101500 was tested and fell back yesterday, the strength of subsequent rebounds has gradually weakened, with highs continuously moving lower. After the morning's waterfall dip, the market also failed to recover the losses. From afternoon to evening, relying on the support-resistance conversion point at 98000, continue to look for bearish continuation! Pay attention to the two positions at 95000 and 92600 below; any slight rebound is a short opportunity.

Regarding Ethereum, there hasn't been much change. Since it failed to hold the 4000 mark yesterday, the outlook has been bearish for a correction. Today is the same; the engulfing wave has a few more days left, so continue to short alongside Bitcoin! Resistance is at 3800, with the focus below at the 3600 line. If it breaks below, continue to test the morning low near 3480! #加密市场回调 #市场回调抄底还是观望？