On Tuesday, the first day of August, the cryptocurrency market finally saw the light of day. A short-term waterfall came down in the morning. The idea of short-term short selling was finally verified in the morning. In fact, we have been reminding everyone to short sell since last week, but this idea has not been verified so far.#BTC #There have been huge changes. I reminded everyone to go short again on Monday, which was yesterday. I reminded everyone to go short many times during the trading session. I also told everyone the target position clearly. Finally, the clouds cleared and the moon appeared. This is the benefit of persisting and identifying your own ideas. You can plan your day and then implement them to get very good results.
The technical structure still has not changed much. Due to the compressed space in the past half month, the daily reversal signal is about to arrive this week. Many people say that the interest rate hike did not go short because it was digested in advance. In fact, it is just that the market is too bearish. Before there is a big break, it is better to maintain the bearish thinking. A direct break in the small cycle has led to the indicator moving average to turn downward. There are obvious signs of break in the structure. In the short term, you can continue to go short in the afternoon.
On Tuesday afternoon, Bitcoin will continue to short around 29,000, with the target around 28,300. Ethereum will continue to short around 1,830, with the target around 1,770.
