Today's market analysis,

Yesterday, BTC came to the upper 60500 gap of the large-scale falling channel and has been filled.

Combined with the current market view, the downward space is huge.

Seeing the Fibonacci retracement line at the daily level, we can see that the position of 618 has indeed stepped back near 60500. Combined with the MA moving average, we can see that the average price of most spot products is

near this area. The current price is in the middle track of the weekly falling channel. I think it is difficult to continue to pull up.

If there is a new stretch, it must be pulled back to fill it. So in this area, you can also arrange a short order;

Open short at 60116-59800

Take profit position: 58000

Stop loss: 61138

(Hourly level play)

Then wait for the opportunity to enter the market again and go short

What about ETH;

The 4-hour level has taken an upward channel and was brought to the position of 2463 above the hourly level by the big cake.

Right above the middle track of a downward trend, the idea is relatively simple;

Around 2420~2440 is an ideal short position layout scenario

The short-term take-profit position is;

Take-profit position: 2372

Stop-loss position: 2468

(Hourly level play)