On Sunday night, it is still mainly short first!
With the end of the weekend, the price of the currency has gradually moved downward after a small range of fluctuations at the 97500 line.
For the short-term in the evening:
1. Don't be blindly long, especially this week the price of the currency has been under pressure, and has not been able to break through and stabilize. It is still necessary to guard against the risk of retracement.
2. The market is still in a wait-and-see mood. There is a lack of macro narratives and news support. It is difficult for the price of the currency to move out of too much space without an effective breakthrough.
3. As far as the current trend is concerned, there has been no reversal in the short-term 4-hour pattern. It is basically maintained within the box range, and there are multiple pressure concentration areas above, even if the rebound increase is limited.
Therefore, do not blindly chase the operation, the risk of retracement is still very large. At the same time, remember that whether it is short-term operation or short, you must do a good job of risk control. If the US market gives a downward action as expected, do not blindly buy the bottom, and beware of the continuation in the early morning. At present, the pressure of Bitcoin is still concentrated in the 98000-98500 area. If there is a rebound at night and there are signs of pressure near this position, short orders will be entered first. The bottom will first look at 95000.
Ethereum also fluctuated and fell in the afternoon. Although the force was very small, it also fell below the 2700 mark. The idea is the same as Bitcoin. If it rebounds slightly near 2730, short orders will be entered first. The bottom will still look at the 2600 line first.
