Daily Market Analysis of the Cryptocurrency World (1.2)

Summary:

The overall viewpoint on BTC remains unchanged. The daily chart has not completed its decline; there hasn't been a panic sell-off in trading volume. It has been consolidating with reduced volume at a high level for 4 hours. After this 4-hour rebound, it will continue to break new lows. The internal 4-hour chart has been oscillating around the center, which is part of the retracement structure of this daily decline. It keeps reminding us that the rebound in BTC and the rise of altcoins are opportunities for those who are trapped to escape. Do not get trapped in the mindset; a rise to 100k+ is not surprising at all. The big moves are still to come. Just remember, take the opportunity to escape during the rebound. There are only two zones for the retracement bottom: 85000-89000 is the first zone, and 77000-80000 is the second zone. Do not start accumulating spot positions until these two zones are reached. You can buy half a position in the first zone, and you can go all in in the second zone.

Operations:

BTC: Short at 98500-102000, stop loss at 103500, take profit at 89000

ETH: Short at 3700-3820, stop loss at 3850, take profit at 3200