In the last two days, a large bearish candle has been slammed down.

The pattern is indeed not very good.

The only good thing now is that,

BTC's target is still above the lifeline.

If 117000 can hold, it will oscillate sideways and slowly rise.

At this time, when placing orders, it is essential to strictly set stop losses.

For BTC, definitely set a stop loss at 115800.

Currently, with the large bearish candle slamming down,

the bearish force is strong, and shorting on rebounds is also possible.

Around 119500, set the stop loss definitely near 121000.

But also don't be pessimistic,

if the major cycle doesn’t break 112000, there is still a chance for a continued breakthrough.

Altcoins still have opportunities to get in,

such as DOGE, UNI, and SOL,

As for ETH, I personally do not recommend entering the market right now; if you missed the sell-off, just observe.

In fact, I do not believe the bull market has ended,

there have been no interest rate cuts, no craziness, and the sentiment hasn't even reached 90, how can it move?

I still believe there is one more wave, peaking after breaking 13W+.

Spot can still pull back, and you can enter in batches. You can still hold coins and wait for a rise.

As for contracts, you can still go long, just strictly set stop losses; at 125X, you cannot hold on. $BTC