After a continuous decline of #币安LaunchpoolSXT , we suddenly welcomed a stretch, breaking the original structure. The short positions we arranged also suffered a small loss, but that's okay; this is the consequence of following the trend. After continuously shorting before, we have achieved considerable gains. Now that the market has changed, it's quite normal for a small pullback. It's just a minor profit retracement. Moving forward, we need to start reorganizing.
The daily chart of Bitcoin has turned bullish again, and currently, the bulls have a slight advantage. The price of the coin has stretched upwards and is hovering around 95000, also reaching the high point of the four-hour downtrend channel. This is a classic structure, and generally, we respond to changes by maintaining the status quo. We will continue to treat it as a downtrend channel. If the coin price breaks through the upper resistance and stabilizes, it will not be too late to go long.
Bitcoin short at 95500, watch 93500
Ethereum short at 1845, watch 1750