$BTC $ETH It's a pity that there is no decent rebound. It was originally expected to rebound to 62800. It rebounded briefly to 61 in the morning and then quickly fell. I thought it might still go up after a while. I woke up at noon, ate something and took a shower, and went out to see a movie with friends. On the way, it fell to 595 and was still grinding down. It felt a bit like yesterday. I immediately closed all long orders when I felt bad. When I got on the subway, I saw that it had fallen below 59000. The subway signal was very poor. I reluctantly opened a short position at 58600 and lost 1500 points before running away.
The current short-term support is 56500. It is estimated that it will fluctuate between 565-592 for a few days. The possibility of a rebound to 61-62 is not ruled out, but it is more difficult, similar to the difficulty of going up to 71-72 before. My suggestion is to go short directly and force a liquidation above 65. For example, if it rebounds to 58200 in the evening, I will open another short position.
In the middle of the month, we will see the position of 52000-48000 (pin). To be honest, it is not so easy to go up to 6w. There are a lot of locked orders above, and it is not so easy for the dealer to lift the sedan chair to help people get out of the trap.
The key point is that the external environment and the general trend have changed. There is no good news and funds to support the price of 6w or more. At the same time, the dealer is also forcing miners and big players to hand over their chips at low prices. It is expected to be a short bear market for 2-3 months until the US election in September. The Federal Reserve will have to release some interest rate cuts to stimulate the market and start the mid-term bull market in the currency circle.
Face the reality, the currency circle is just America's 🐶
The current short-term support is 56500. It is estimated that it will fluctuate between 565-592 for a few days. The possibility of a rebound to 61-62 is not ruled out, but it is more difficult, similar to the difficulty of going up to 71-72 before. My suggestion is to go short directly and force a liquidation above 65. For example, if it rebounds to 58200 in the evening, I will open another short position.
In the middle of the month, we will see the position of 52000-48000 (pin). To be honest, it is not so easy to go up to 6w. There are a lot of locked orders above, and it is not so easy for the dealer to lift the sedan chair to help people get out of the trap.
The key point is that the external environment and the general trend have changed. There is no good news and funds to support the price of 6w or more. At the same time, the dealer is also forcing miners and big players to hand over their chips at low prices. It is expected to be a short bear market for 2-3 months until the US election in September. The Federal Reserve will have to release some interest rate cuts to stimulate the market and start the mid-term bull market in the currency circle.
Face the reality, the currency circle is just America's 🐶