Bitcoin and Ethereum have plummeted as expected, the Bitcoin swing short of 5000 points is in place! Continue to short on Friday's rebound! #比特币暴跌 $BTC
The interval of $BTC refers to the range. Once the range breaks, the breakthrough is completed, and the rest should follow. The short-term plan is to go short, and with the breakthrough of 118400, the idea of going short should not exist. Instead, go long directly at 118500, taking over a thousand points in the morning. This rhythm is very obvious. If it doesn't dip on Sunday, the bearish view should be adjusted to Tuesday or Wednesday. On Monday, the bullish trend will definitely continue. This is how to follow the thinking.
From a technical structure perspective, there is a rhythm of probing the bottom and rebounding, but the overall trend remains unchanged and still oscillates, only the range has been expanded. The lower level will definitely continue to test the position of 115000. However, the strong bearish sentiment in the short term has led to a lack of significant opportunities for arrangements. In this probing and rebound, just pay attention to the position of 121000 above. In terms of short-term, there isn't much space to work with, so it's best to follow the segments and look for larger spaces to continue.
On Monday, pay attention to the 120000-121000 interval for arranging short fluctuations, with the target focusing on 115000. In terms of short-term, pay attention to going long above 119000, with the target focusing on 120500.