Deep callback, another wave of liquidation
Recently, my physical condition has not been good, and due to account restrictions, there haven't been many updates from the platform. I hope all fans understand. Regarding the recent market, we can see that the key point of 100,000 for Bitcoin is still crucial. Every time it reaches this level, it quickly falls back. This kind of behavior of the market manipulating the bulls has occurred many times lately. We should make a rational judgment; entering the market casually now may lead to the possibility of being liquidated again.
Looking at the market, after a rapid spike in the morning, a rebound can be seen. This round of decline is nearing its end, but there is some possibility of continuation. The 4-hour Bollinger Band structure for Bitcoin is opening downwards. If this bearish trend continues, then Bitcoin starting with 9 will also be hard to support. Currently, the market is showing small fluctuations of 2-3 thousand points, with the bottom to watch around 95,500. If this round continues to dip to this position and the trend does not reverse, then we can expect another wave, potentially reaching 100,000.
Looking at Ethereum, the overall trend is in sync with Bitcoin. For Ethereum, keep an eye on around 3,580. Currently, the trend of Ethereum has not shown a clear reversal trend, and we can look at this position. Conversely, it can follow Bitcoin.
Operation Suggestions:
For Bitcoin, sell around 98,200, target 95,500.
For Ethereum, sell around 3,780, target 3,570.
Short-term space is up to you to grasp; there may be deviations in entry positions, so manage it yourself.
