Good afternoon everyone, Bitcoin, Ethereum intraday analysis:



Everyone should have had their fill of short positions, right? We've been short for the past few days, and the waterfall decline yesterday was quite pleasant, arriving a bit earlier than planned. Last night, the US stock market opened low and rose high, which did not affect the decline of Bitcoin. Currently, it seems like a double bottom is forming below, specifically around 111400. I'm sure everyone is very concerned about how things will look today.

BTC:
After the rebound high point following yesterday's decline needs attention, which is around the 113400 line. Today, I will still be looking to short in the same range of 113000-113500, with a stop loss of 2-300 points above 113500. There's no need for a large stop loss, still looking down to 1-1500 points. Unless we break above 113500, I will continue to choose to short at high points.

ETH:
It's the same principle as Bitcoin; just short on the rebound. Focus on 4250, so the strategy can be to short at 4210-4220, with a stop loss at 4255. The target is 80-150 points.
ETH-3.45%
BTC-0.85%
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