I am quite speechless about the current market trend; BTC's performance is developing exactly as I expected, with weak rebounds and slowly forming a peak. The daily arc top pattern is still valid.
In the short term, trading BTC for short positions is also quite good, such as the range of 1088-1092 set yesterday. The lowest point last night approached the 108 level, providing around a thousand points of space. It's still the same old story; the market owes us a waterfall, so spot traders should hurry up and sell.
Yesterday, ETH surged like it was on gunpowder; the defensive position set at 263 was unfortunately hit, and the relatively rational BTC completely disregarded it, remaining as steady as a mountain.
The trading logic for today is consistent with yesterday; we can directly cut in and head south at the 109 level. How much space we can gain will be decided by the market. Both bulls and bears have opportunities; it depends on how you decide with your own hands.
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