The live short position has already been closed. The shorts opened earlier around the high 79,200, the short at ETH around 2,500, and even the short near 78,500 in today’s daytime session—are all the same. Over the past two days, we’ve been pointing to the 77,000 target for shorts, and it has already been reached. For friends who followed the plan, it’s time to take the profit.
At the moment, the market pace—continued downward momentum—is still in play, which is completely normal. After the break of 77,000, the near-term bottom won’t have overly strong support; strong support will only be found around 76,000. So when the market tests the low to touch this level, it’s only to be expected. For this evening’s dip, we also reminded everyone beforehand that the PPI would affect the outlook. Sure enough, the selloff unfolded as expected. As for the coming rhythm, short positions can continue to be held and added—shorts are still favored, given that rate-hike expectations in the short term are quite strong.
For BTC, look for the target around 76,000. For ETH, look for around 2,400 nearby #美国续请失业金人数177.4万 $BTC
$ETH #美国8月PPI年率升至5.4%
At the moment, the market pace—continued downward momentum—is still in play, which is completely normal. After the break of 77,000, the near-term bottom won’t have overly strong support; strong support will only be found around 76,000. So when the market tests the low to touch this level, it’s only to be expected. For this evening’s dip, we also reminded everyone beforehand that the PPI would affect the outlook. Sure enough, the selloff unfolded as expected. As for the coming rhythm, short positions can continue to be held and added—shorts are still favored, given that rate-hike expectations in the short term are quite strong.
For BTC, look for the target around 76,000. For ETH, look for around 2,400 nearby #美国续请失业金人数177.4万 $BTC
$ETH #美国8月PPI年率升至5.4%
