Last night, both bulls and bears suffered, those who chased the rise were beaten badly.

I thought when I woke up this morning,

I would be told that I am a bear and would be tortured to death, but no?

However, the current formation today shows a demand for a rebound on a smaller scale, but many altcoins are already in a daily-level correction trend, so the rebound can still be shorted.

If you want to go long, that’s fine too, you can enter at the current price with a stop loss at the 1-hour level, using the bottom price of the previous two K-lines as your stop loss.

As for BTC, the current price does not recommend chasing the rise, around 104500, you can continue to short; if you want to be safe, around 105000 is also fine.

I am not a bear, I am just a transporter of formations and an analyst; whether or not to trade is up to everyone.