Tuesday, Bearish Warning, Rebound is Coming!

Yesterday, Bitcoin pulled back and made another strong push, breaking through the 105,000 threshold, refreshing the previous high around 105,850 under pressure. In the afternoon, the price broke downward, and by the evening, the price continued to adjust, with bearish sentiment gradually strengthening.

From a technical structure perspective, the continuous upward movement on the daily chart ultimately welcomed a downturn, with significant pressure from above. A series of consecutive bearish candles formed in the short term, breaking the previous strong pattern, and the risk of high-level stagnation and pullback is considerable, leading to a weakening trend. In terms of operation, one should just follow the trend.

Tuesday's Suggestions

Short Bitcoin at 103,300-103,500, targeting around 100,000; Short Ethereum at 2,520-2,550, targeting around 2,300.

An accurate plan is hard to find, hence it's rare to find a good mentor; a solid strategy! Instead of waiting for the wind to come, it's better to chase the wind!

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