Is this the power of data? To evaporate five thousand points overnight is truly terrifying. Yesterday I reminded everyone that if you can't stay up at night and have no time to watch the market, it makes sense to clear positions early. At midnight yesterday, I publicly continued to observe a rebound until the data was released; before the announcement, the price reached a peak of 105000, giving us a long profit space of over a thousand points. We easily pocketed 1308 points in our long positions, while the weaker position only gained 40 points before exiting.
From the current market situation, whether from the midnight plunge or the oscillation downwards starting in the early morning, it all shows the weakness of the market. From the four-hour level, the price has been continuously declining and has now reached the lower Bollinger band, with the volume continuing to increase without any signs of reduction. From a daily structure perspective, a massive bearish candle is clearly visible, and the price is still testing downward. We can watch the support level of the 30-day moving average, as previous retracements often halted and recovered at this level. During the day, it is advisable to follow the trend and go long on the orange.
Bitcoin: 100000~100400, looking down at 108500.
Ethereum: 3620~3650, looking down at 3480. #加密市场回调 #加密用户突破1800万 #超级央行周 #BTC☀ #ETH🔥🔥🔥🔥 $BTC $ETH $XRP
