I didn't expect that the weekend had already started to warm up. The market fell back again, and the lows were also breaking through. I kept shouting for short positions since Saturday. I also emphasized that I should keep looking down during the day. It happened that the overall trend was downward during the day, and the short positions that had already entered the market took advantage of the trend to take a lot of room for decline. Why do I firmly shout for short positions? The decline of bulls is obvious. In addition to ignoring risks when short positions are held, if you want to participate in real trading, short positions are definitely safer than long positions. You think you can buy the bottom when the retracement is large, but in fact you are halfway up the mountain. All confidence comes from a clear understanding of the market structure and risk control. Only by strictly executing can you continue to make profits.

Intraday, Bitcoin retreated again, and the support below further broke through to around 57,000. Although there was a partial rebound due to inertia, this is just a normal method. It is obvious that it is currently a "one rise and two falls" trend. The rebound of bulls after the decline is to avoid making some people feel desperate, but the result will be disappointing. The low point is still moving down, and the obvious retracement has not yet been in place. The inertial rebound provides us with a better high-altitude entry point.

　　Bitcoin: short around 58,600, looking at 57,000

　　Ether: short around 2,500, looking at 2440#美联储何时降息？ #新币挖矿DOGS #美国CPI数据连续第4个月回落 $BTC $ETH $BNB