10.11 Saturday afternoon market analysis
No matter what others say about whether the bull market is still here, the way Bitcoin has been falling has made it clear — it’s dropping fiercely and rapidly, and the buying pressure simply cannot hold up; it’s all sell orders crashing down. This momentum is like knocking over blocks, once it collapses, it can’t be stopped, and it’s hard to expect a rebound in the short term.
In terms of operations, simply put:
You can short Bitcoin between 112000 and 112800, first aiming for a drop to 110000, then looking down to 108500; if it breaks through, then it will head to 105000;
Ethereum can also be shorted around 3850, first looking for 3700, and if it breaks through, then targeting 3400.
Remember to set good stop losses, don’t over-leverage, the market risk is high now, and don’t chase blindly.
No matter what others say about whether the bull market is still here, the way Bitcoin has been falling has made it clear — it’s dropping fiercely and rapidly, and the buying pressure simply cannot hold up; it’s all sell orders crashing down. This momentum is like knocking over blocks, once it collapses, it can’t be stopped, and it’s hard to expect a rebound in the short term.
In terms of operations, simply put:
You can short Bitcoin between 112000 and 112800, first aiming for a drop to 110000, then looking down to 108500; if it breaks through, then it will head to 105000;
Ethereum can also be shorted around 3850, first looking for 3700, and if it breaks through, then targeting 3400.
Remember to set good stop losses, don’t over-leverage, the market risk is high now, and don’t chase blindly.
