Friday 🧭
The overnight Bitcoin plunged from 105800 to 100300 before rebounding, with a maximum drop of 5500 points.
The daily chart closed with a large bearish candle, breaking below the lower Bollinger Band, with various indicators in a bearish arrangement. A three-wave decline has established a downward channel. After peaking at 106800 on the 4-hour chart, it stepped downwards; the large bearish candle broke support, confirming the bearish trend. A rebound is unlikely to change the weakness, so it is recommended to pay attention to shorting opportunities during rebounds.
Personal Direction
Bitcoin: Short near 102000—102500, target 100500
Altcoin: Short near 2440—2470, target 2350
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