Market sentiment shifts as the dominant trend turns bearish, establishing a short-selling pattern

Influenced by Trump's speech at 9:00 AM today, crypto market sentiment plummeted sharply, with prices showing a one-way decline "like a waterfall." Current market fluctuations are highly driven by unexpected news, causing short-term technical support to fail.

Review of yesterday's strategy: relying on technical support and a bullish trend, we positioned long orders in the 2120-2160 range. Entry points and take-profit targets were precisely met, perfectly capturing the wave gains from yesterday's bullish move.

However, today's speech by Trump completely reversed the market pattern, breaking the previous bullish dominance. From a technical perspective, prices broke below key support levels, short-term moving averages turned downward, and bearish momentum significantly increased.

Today's trading strategy:

• Entry zone: 2050-2070 for short positions

• Stop-loss level: 2085 (strict risk control to avoid volatility from news fluctuations)

• Target levels: initially watch the 2000 integer level below, and if broken, further downside targets include the 1945 support level

Currently, market sentiment is cautious. It is recommended to strictly adhere to stop-loss and take-profit levels, follow the trend, and avoid contrarian trading. Wait until market sentiment stabilizes before adjusting trading strategies. #ETH