BTC.ETH has experienced three rounds of declines, with Bitcoin dipping to a minimum of 112,500, just 500 points away from our target of 112,000. The speed of Ethereum's decline is very sharp; when it was at 4,344, we already mentioned to short directly, and all long positions have perfectly closed. As for the short-term, there's no need to say much; everything took off and landed 🛬
Now, a simple review of the current mainstream trend shows that after Bitcoin's dip, there has been a rebound, rather than a straight drop, indicating that the current trend is in a fluctuating downward pattern. The bottom at 112,000 is still an effective support level. As long as this level holds, we cannot short carelessly, especially since the current position has already retraced to the 10,000 mark. We need to be cautious of a rebound, so we can wait for a rebound at the 114,500-114,800 position to arrange a short, with the target remaining at 112,000. For now, we continue to follow the trend, and if there are reversal signals, it's not too late to retreat promptly. #BTC☀
