$BTC Don't be thrown off by short-term fluctuations. The volume you analyzed and the logic you adhere to are all backing long-term value. Be patient with your positions; time will provide an answer to the trend. Currently, Bitcoin seems to continue this oscillating pattern. After dropping to 100700 early yesterday morning, it rebounded, reaching a high near 102500, which aligns perfectly with our expectations. The morning's orange indicator also showed a space of 1400 points. Comfortable, we directly shorted at the high, and now we must patiently wait for the market to move. During yesterday's live stream, I discussed the recent market trends with a few fans. Some believe this market is about to explode. Logically, if we expect an explosion tonight to wipe out the shorts, then today's morning market should continue to decline to lure shorts in before a big harvest in the evening. However, the current market remains in a state of oscillation. There are even vague signs of a rebound. Of course, for this critical situation of long and short contention, we must remain cautious.
Currently, from the four-hour level, Bitcoin has stabilized around 100200 after the drop and has started to rebound. The current coin price is running around 102000, and at the hourly level, the coin price has two consecutive bearish candles probing downwards. The market still has not broken the oscillation range. We patiently wait for the market to break out. As the saying goes, the short-term bearish trend still dominates, and do not treat rebounds as an opportunity to bottom-fish. In the afternoon operations, we will maintain a short strategy, synchronized with Bitcoin.
Bitcoin can be shorted around 102500-103000, targeting 101000.
Ethereum can be shorted around 3360-3400, targeting 3250.
