Due to the hawkish interest rate cuts and comments from the meeting causing market panic, there has been a continuous plunge, and yesterday was firmly supported by the bears!

Short positions were initiated starting from 102000, with an expected target of 98000. The intensity of this pullback far exceeded expectations, and in the evening, a decisive signal to short at the 100000 mark was given, aiming for the 98000 level!

The market's panic will not dissipate easily, and the liquidation of long positions is ongoing. If one tries to bottom-fish at this level, it is very likely to remain trapped in the mountains, as the market sell-off has only just begun, with significant downward space towards the 93000 level!

Take my advice, at the 97000 position, just short it. I still hold my short position, with the first target at 93000! #加密市场回调