Wednesday Morning Market: The Game on the Edge, Are You Willing to Take a Gamble?
The cruelty of the cryptocurrency world lies in its rapid changes and life-or-death speed. In the early morning, Bitcoin plummeted from a high of 106500 to a low of 105300, while Ethereum also dropped to around 2390. Old Chen accurately predicted the timing for a high, leading his students to capture an 800-point opportunity!
Current Market: The MACD on the four-hour level has formed a deep death cross, with bearish momentum exploding; although the RSI on the hourly line briefly recovered to 40, the daily indicators are still firmly at 45, with bearish pressure unabated.
The market is forcing you to choose: Is this momentary fluctuation the final lure for a long position, or a precursor to a reversal? If you hesitate, you might watch your profits slip away; if you recklessly chase the trade, you might become cannon fodder. Old Chen's years of practical experience tell you: the real winners only act at key points, exiting when the majority is in a frenzy!
Morning reference for Bitcoin is 106000-105800 for short, looking at 104800-103000; Ethereum reference is 2410 for short, looking at 2350-2300. $ETH
