Saturday, the decline is not over yet, continue to short!

Bitcoin, yesterday's market maintained a weak consolidation, and the bears continued to break down and increase volume. The corresponding expectations have been completely realized, everything in the past few days has been verified, and the shorts have all taken flight, aiming for 112500, cashing out completely, all fans, both short-term and swing traders, take off!

There is no need to say much about the recent trend. The bears have plummeted since breaking through the daily mid-line support earlier this week, and yesterday refreshed the overnight low again. The weak pattern is very obvious, and don't think about catching the bottom before the lower support is broken down. The recent decline has also caused market panic, with liquidations happening indiscriminately; do not think about counter-trend operations in the face of the trend.

From a technical structure perspective, yesterday's daily line closed with a large bearish candle again, and the overnight resistance and support continuously moved down. Although there are slight signs of a pullback correction in the short term, it is still slightly weak compared to the bear's volume. The more this kind of staged corrective decline occurs, the more stable the bearish formation becomes. In terms of short-term rhythm, today's operation is relatively simple; the 4-hour moving average is clearly pointing downwards, and after the large bearish candle, there is a quick succession of bearish cycles, showing a clear weak pattern, so we should follow the trend and short.

On Saturday, the operation remains to short on rebounds. This week's strategy has perfectly provided everyone with some space, so today we continue to follow the trend. It is recommended to short in the 114300-115000 range, with a target looking at 112500-111800. If the level breaks, we will continue to look for continuation!

Without further ado, I wish everyone all the best, happy trading! #美国加征关税 #加密市场回调 #美国初请失业金人数