Analyst Xiao Ma's Daily: Bitcoin/Ethereum short positions take profit, pullback continues to add short: 3/3


Bitcoin/Ethereum once again set up short positions overnight with a rally, as expected, the market pulled back and dropped to around 66,270 and 1,938. The overall space is still decent. Currently, after the market dips, it has again reached above the short-term support level. Next, focus on the support at 65,000 and 1,900. If the support holds, the market will continue to rebound and rise. The market is still in a consolidation trend, but the volatility is gradually narrowing, indicating that the market is in a state of constant change.
Given that the current market is in a range-bound consolidation(, and the shooting star pattern combined with death cross signals form a strong bearish signal), a more aggressive strategy of shorting near resistance levels is a high-probability choice that aligns with the current market trend(Conclusion).
Operation suggestions: Short Bitcoin near 67,800 to 68,300, targeting around 66,000 to 65,500; short Ethereum near 1,980 to 2,010, targeting around 1,930 to 1,880. ()#加密市场反弹
BTC-2,14%
ETH-4,4%
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