Strategy Sharing for the Evening:
Market Sentiment: The overall atmosphere of the market is currently leaning bearish.
Ether and SOL are already in an oversold condition, meaning there are too many sellers, and the prices have been overly suppressed. Bitcoin has shown relatively less decline and hasn't dropped as severely.
Key Risks: If the market continues to decline, it may pull all cryptocurrencies down below their support levels, which are key price points that stabilize prices. At that time, prices may fall further.
Position Management: For short-term trading, it is advised to keep positions at a low level (no more than 5%). It is essential to set stop-loss orders to prevent losses from expanding. For medium-term positions, it’s better to wait and observe for clearer bottom signals, such as a significant increase in trading volume accompanied by rising prices showing bullish candlesticks, or technical indicators forming golden crosses before considering actions.
If anything is unclear, feel free to communicate with the strategy team!