Wednesday, V goes back and forth, today we will short in the short term!
In the past two days of short trading, everyone should have had some room to maneuver, all during the sharp drops and rises in the morning!
The mnemonic system shows its power at this moment!
On Monday morning, it dropped sharply to 116400, rebounded in the afternoon to 119600, and then fell to 116000 during the evening session.
On Tuesday morning, it rebounded from 116500 to 119600, and then went through another round of downward movement.
On Wednesday morning, it peaked at 120200, and started to retrace downwards, currently at the 119300 area, theoretically it is still highly likely to be in the V-shaped pattern. The 4-hour Bollinger Bands are in a wide oscillation phase between the upper and lower bands.
In terms of operations, we will not chase today, and during the morning session, we can directly short to see a wave of retracement, dropping to around 117600-116800 to stop the fall, then consider a short-term long! Later, just a heads up, a big trend may come in the next few days! Everyone should prepare well, personally, I see a waterfall cascading down!
Ethereum, yesterday dropped from 3858 to 3615, currently at 3735, the short-term long idea provided also has 100 points of space! Looking at today, the momentum is not yet perfect, at high levels, consider shorting down before going long, reference 3760-80, then down to 3630 for long!
In short-term trading, it is important to enter and exit quickly, everyone should recognize their own territory! Wishing everyone all the best! $BTC $ETH #BNB创新高
