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Ethereum's highest yesterday was 2440, lowest was 2230. The drop in Ethereum is much more significant compared to Bitcoin, with a space of 210 points in just one day.
However, such a significant drop was within Lucio's expectations. Various news combined with indicators also show a strong bearish trend.
For instance, if it drops this much and then consolidates over the weekend, wouldn't the vast majority choose to buy the dip? Giving you two days to buy the dip, is this the style of a market maker? So sometimes you really need to think in a contrarian way, don't you think!!!
Currently, the trend is definitely bearish.
Ethereum: Short in the 2400-2430 range, target 2300; if it breaks, look for 2000. Everyone should strictly manage their risk.
This bearish trend is indeed quite obvious, and Luyao's hints have been accurate. From 104000 to the current 10100, capturing a 3000-point range is indeed satisfying. For those who can hold on, I just ask if you have enough to eat.
The weekend's fluctuations are probably to build momentum for the subsequent trends. The current range is moving downward, with bears still in control, and high shorts are still effective.
Around 103000-103500, a short position can be taken with a target of 10200. For the long term, let's first look at the 100,000 level, and everyone must ensure proper defense.
Yesterday, Bitcoin fell from 106,400 all the way down to 103,700, followed by a wave of false signals, so when trading, be sure to stick to your strategy and take profits when you can, especially during times of high volatility.
The vast majority of market manipulators use the psychology of others; yesterday, Bitcoin happened to drop to the bottom area of last week's weekly chart, and breaking through the 100,000 mark is expected to be just a matter of time.
Currently, the weekend is in a state of fluctuation, with not much volatility, so everyone can focus on shorting at high levels.
Bitcoin suggestion: Short in the 104,000-104,500 range, targeting 103,000, and for the long term, you can look at the 100,000 mark, each should maintain strict risk management.
Recently, Bitcoin has been consolidating for so long, and the low position is getting higher. In the morning, Luyao felt that today would definitely trend in one direction, and just now it surged to 105000 without any signs of reversal.
Such a clear trend suggests to go with the flow and buy more, but there has already been a bearish trend, closing with a long upper shadow.
Currently, Bitcoin could be shorted in the range of 106200-106700 with a small position, targeting 105000. Everyone should strictly manage their defenses and take a small risk.
The BNB current bearish trend is gradually strengthening. Everyone can short near the 645 level, targeting 635. If that breaks, look towards 620. Each should strictly manage their defense.