Is it so exaggerated? The market was so strong on the first day of the working day, which just fulfilled my wish. I have been short for a week or two. Where are the bulls? Where is the profit? There is no need to talk about those illusory things. Let's talk about the facts. Although it was sideways for two days over the weekend, it has been gradually declining since midnight today. It first broke through the 64,000 mark steadily. After a short break, the bears went straight down. After breaking through 63,000, it played hard to get. Many people thought they could buy the bottom, but then a deep needle directly shattered the hope of some people to buy the bottom. Bitcoin has now given a decline of more than 3,000 points, and Ethereum has also given a decline of several hundred points at the same time. Under this big trend, the synchronization of the trajectory of Bitcoin and Ethereum is beyond doubt. When the market moves out of the trend, a keen sense of the market can often determine how much profit you get; near noon, I also gave out short positions for Ethereum and Bitcoin, and finally both won 1965+151 points and left the market. I have said that as long as we insist on doing the right thing, even if one or two times will go against our wishes, we will definitely get a satisfactory result in the end; there is no need to give up what we believe in because of one or two setbacks and blows.
From the current market, the market has fallen so much. Although it has recovered in some areas after testing the first support level below, the rebound strength of the bulls makes me see no hope for the time being. As can be seen from the four-hour chart, the upper and lower leads of this Yin K are relatively long, and the market will have a certain need for repair. This kind of rebound and warming of space can only be a drop in the bucket for the current market. In the evening, I am still optimistic about the downward trend after the rebound of the market, and it will still be carried out at a high altitude in the evening.
Bitcoin: 61300-61800 short, looking at 60500
Ether: 3320-3350 short, looking at 3260
