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Don't remind me again today

#加密市场回调 Last night, the U.S. stock market plummeted, and BTC couldn't hold up either, directly dropping nearly 5000 points from its high, stopping at around 86000 at its lowest; ETH fared worse, falling all the way from its peak to 2788, a drop of over 300 points, clearly showing that the previous momentum has fizzled out.



Looking at the market, both BTC and ETH are on a downward trend right now. The daily chart has been closing in the red consecutively, and the bears have a strong momentum. In the four-hour timeframe, the price is crawling along the lower Bollinger Band, with each rebound feeling weak. It seems this adjustment may be gathering strength for the next round of declines. Until the key resistance level is broken, shorting on rallies should still be the main theme.

On the operation:
Consider going short on BTC in the range of 88000 to 88200, targeting 86500 and 85000.
Look for opportunities to short ETH around 2910-2930, with targets set at 2800 and 2700.

Of course, the market changes quickly, and you must set your stop-loss properly.
BTC-8.32%
ETH-8.34%
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BuyTheTopvip
· 12h ago
It's plummeted again. Whenever the US stocks move, we just lie down here. The short positions are so fierce; I really feel a bit intimidated. Talking about stop loss is easy. The 88200 position is indeed worth trying, but I feel it can still drop more; there's no need to chase the price for shorting. ETH is even more fragile; I sold it at 2910 during the rebound, don't think about something as far away as 2700. When will this round of adjustment be over? My eyes are tired from seeing green every day.
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GasFeeNightmarevip
· 12h ago
Plummet again? I was planning to take advantage of the cheap gas orders last night, but before I could wait for the low gas period, it was directly dumping, and this time there wasn't even a chance to save money.
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SignatureVerifiervip
· 12h ago
ngl, the resistance levels here are getting way too predictable... feels like everyone and their cousin is watching 88k on btc rn. insufficient validation of actual support zones imo, technically speaking there's a whole lotta gap between the narrative and what the charts actually show. that "soft bounce" thing? statistically improbable if we're being rigorous about it.
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GateUser-e51e87c7vip
· 12h ago
Here comes the plummet again, just previously boasting happily, this time it directly backfired, short positions really can't sit still.
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InfraVibesvip
· 12h ago
Here it comes again, it’s always like this, every time the US stock market sneezes, encryption catches a cold. Can 86000 hold this time? It feels like it still needs to continue dropping.
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