Friday: Second shot, the shorts continue to strike again

Indeed, the greater the turmoil, the more valuable the fish. In the past, we were hesitant to go long when prices rose and reluctant to short when they fell. Now, the roles have completely reversed, and following the trend is the hard truth.

After adjusting our evening strategy, the market really delivered, with a waterfall drop of thousands of points following. Two waves of short positions perfectly concluded with a 1200-point drop.

From a technical perspective, the market had been pushing higher without success during the day, leading to a slow decline. In the evening, the drop reached a minimum of 107250, which was recovered, but the small cycle pattern still maintains a bearish state. The short-term recovery is merely to slow down the speed of the decline; the overall pattern still holds a bearish correction.

In our upcoming strategy, we will maintain our stance on high shorts:

In terms of operations, I personally suggest shorting in the 109000-109500 range, watching for 108000-107500$BTC #加密市场回调 .