The bearish trend has successfully reached the expected target, probing the 50,000 and 2,800 support levels?

CN
允彦
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1 year ago

Trading philosophy: Look at the trend in the long term, find the position in the short term.

I have been laying out short positions these past two days, waiting for this deep pullback. The market started to show the expected bearish trend during the day session. The target for Bitcoin is 51500-51000, and for Ethereum it's 2920-2880. Currently, all targets have been accurately reached. As for whether to enter long positions, I personally think it's not the right time yet. This pullback is not over, and short positions can continue to reduce holdings. The next targets are around 50000 for Bitcoin and 2800 for Ethereum. For friends who have not entered the market yet, I suggest going short directly at 51000-512000 for Bitcoin, with a target near 50000 and a stop loss of 500 points. For Ethereum, go short directly at 2900-2920, with a stop loss of 40 points and a target near 2800!

The strategy is time-sensitive, and specific guidance in real time should prevail in private.

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