Currently, the market is showing a continuous decline from the daily level. After falling below the support level of 86000, Bitcoin has been on a downward trend and is now back within the previous range structure of 84500-80000. As mentioned earlier, a complete trend reversal requires observing strong resistance at 92000-94000. If it breaks through, the market will welcome a new round of increases. Currently, the support is at 80000, and if it breaks, the previous low around 76500 should be watched. Ethereum also began a continuous decline after rising to around 2100, and is now close to the previous low at around 1750. When the market breaks below the previous range structure top at 1950, 1850 will be a must-hit, and currently, 1850 has turned into a resistance level, with support at 1800-1750!

From the 4-hour level, Bitcoin has returned to the interior of the range, but the market has not yet reached the bottom, and there is still some space below. Support is at 82000, if it breaks, watch for 80000, and resistance is at 83000-84000. Ethereum has broken below the bottom position of the previous range structure, and currently, 1850 has become a new resistance level, with support at 1800-1750! The previous market began to retreat, and we started to layout short positions, which has now been validated!

Operation strategy: Short near resistance levels!

Short Bitcoin at 83000-83500, target 81500-80000, stop loss above 84500;

Short Ethereum at 1840-1860, target 1800-1750, stop loss above 1900;

The strategy is time-sensitive, mainly relying on real-time guidance privately! #BNBChain爆发 #FTX赔付 #金狗势不可挡