Most of the opening of positions is timid, thinking that they have more than this ability. Every position opener should have two awarenesses: one is the courage to start from scratch, and the other is to be calm about unfinished. A good position opener does not lose enthusiasm after experiencing failure again and again! Following the strong PPI data this week, the US September CPI also exceeded expectations on Thursday night, but the overall volatility was not too large, which is also in line with our expectations. After all, if there is no rebound after accelerating downward, the probability of turning into a volatile downward exploration is relatively high in terms of the current rhythm momentum.
Our updated ideas on Thursday morning have been very clear. In the short term, focus on Bitcoin at 26840 and go short directly. Focus on Ethereum at 1566 and go short directly. The midnight waterfall of Bitcoin took 300 points, and the waterfall of Ethereum took nearly 50 points directly. This is the importance of ideas. When the shape structure is established, what remains is to enter the market and participate in the follow-up layout. Basically, what is disclosed are the current price ideas. Our strategy is basically the same as the point when we wake up in the morning. There is no such thing as not keeping up.
From the current structure, it is still what we said, from weak accelerated downward exploration to weak oscillation. The short and medium lines are still bearish. The weak market is afraid of bottoming out and rebounding, but the current sideways trading is still a good signal for the continuation of the short position. The overall K-line replaces the space correction with time. This sideways consolidation is still in the stage of accumulating momentum, and there is not much change from before. For us, we can just follow the short position and wait for the second acceleration downward exploration.
On Friday, focus on shorting Bitcoin near 26800-27000, with the target at 26000; focus on shorting Ethereum at 1545-1565, with the target at around 1490.
