Conclusion: Short, definitely short, but I don't know where the big market will go. When I wrote the article, I opened a long position near 964, but I have a short position in the big market near 975. First of all, I will not close the short position. I will go long to hedge the short position, because I am not sure where this round of big market will go. It is possible that it has already peaked.

Technical side: My logic for going long

This position supports the risk of short selling. Betting on a break below is definitely not a good idea in such a strong market.

The market ended its strong rise, but reached the support level of the community

The next step is to hit it back and forth

The four-hour support is also here around 96400-95800

From a funding perspective:

Then from the perspective of yesterday's ETF, the main funds have not withdrawn yet, so let's make an assumption that the big pie has not yet arrived, at least not yet at the main target position. Today's market crash started in the Asian session, the subjective behavior of the exchange and the sentiment of the Asian session.

S&P pressure position reaction:

But the problem comes from the fact that the S&P has reached the pressure of 5700 mentioned many times.

There is pressure near S&P 5700. US stock futures have been suspended in the past two days, and ETFs have also been suspended. There is an overall selling trend in Asia. It is unlikely to take over at this position. Funds are still flowing out. Yesterday's non-agricultural data was bearish, so there is no economic stimulus from any data or news in this round. The QT situation is not known for the time being. We can directly determine that funds in the Eastern Time Zone of the United States are directly buying.

Then the time to be careful about short positions should be at night and during the opening of the US stock market. On the contrary, I think short positions will be safer during the weekend. From a technical point of view, I plan to open a long position when it stabilizes, and then continue to close it around 972

As for whether it will fluctuate or continue to surge, it depends on the market's reaction at each position.

Flatbread and cottage:

I just took a look at the capital flow of Baizhai and Dabing

LTC BCH BTC FTN CRO XLM AVAX ONDO

There are only a few altcoins that still have positive liquidity buying within 24 hours, and these coins are owned by strong players and are more American.

So my conclusion should be: if you want to go long, consider the major support and look at the currencies that keep up with the United States (top 100). Secondly, consider going long for hedging at the major support levels. However, the outflow of copycat funds is very serious now. The cryptocurrency circle is originally a risky asset. The market will consider more stable things. The big market has not come. The technical rebound of Bitcoin will start with a big selling pressure and the market will be smashed after the main players in the United States have their psychological positions in place.

As for the copycats, it is clear that they have no funds. #加密市场反弹 #内容挖矿