How much long position is still held for btc eth?
With continuous breakthroughs of new lows, how should we choose?
After the large coin price broke the new high and reached the 1245 line, it has remained in a sluggish state, currently at the 1127 line after a week. So is it possible to continue to crash down?
The answer is yes, currently on the 4-hour chart, the large coin price continues to move downward along the lower Bollinger Band, and MACD shows signs of volume contraction. However, on the daily chart, there is a clear death cross signal pointing downwards and ongoing volume increase. The hourly large coin rebound cannot effectively break through the 1246 line, and all struggles are in vain; the overall trend still belongs to the downward direction.
It is recommended to short around the 1135-1140 area, with 800 points as the stop loss.
Targets: 1127/1118/1108
For the auntie, it is recommended to short around the 4137-4163 area, with 4220 as the stop loss.
Targets: 4060/4007/3924
