The price of Bitcoin has dropped by 5000 points unilaterally. Unconsciously, our short position has achieved an 8-game winning streak. Yesterday, Mingjie reminded everyone that this round of correction was about to begin. The rapid decline in one direction requires us to anticipate it. To outperform the market and overcome the panic, you need to be ahead of the game. In the afternoon, our short position once again gained more than 1800 points in Bitcoin and 60 points in Ethereum. The direction was given to everyone in advance. If you can't handle this kind of one-way market, Mingjie advises you not to play. Perhaps this market is simply not suitable for you.

I have been reminding everyone to short in these days. The market has been probing lower, seeking bottom support. In this kind of correction, it is difficult to rebound again without strong support below. Friends with faith may have already bottomed out, but they have been trapped in a cycle, and the ultimate outcome is zero. Once the structure is broken, don't hold on without any bottom line, as it is meaningless. Currently, the market is still in a state of retracement. Every rebound provides a good entry opportunity. So everyone needs to seize it. This also tests our determination and patience. From the current perspective, after this wave of probing in the evening, it is slowly rebounding. The rebound strength is not very strong. Waiting for the end of the rebound is the timing for us to control at home.
For Bitcoin, pay attention to shorting near 66300, with a target near 65000.
For Ethereum, pay attention to shorting near 3345, with a target near 3290.
For more information, follow Mingjie's official account.

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