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1-2 Morning Analysis, still mainly maintaining a high-altitude stance
How to say? Brothers, did you enjoy this round of shorting? Before the weekend waterfall washout, I took many fans and friends to short, honestly, I’m happier than making money myself. Making money in the market has never been the hardest part; the rare thing is having a discerning eye! Lao Guo only focuses on structure and talks about execution!
Returning to the market, whether on the weekly or daily chart, the BTC 75,000 support level cannot be held! If it doesn’t break today, it will break tomorrow; if it doesn’t break tomorrow, it will break the day after tomorrow. It will break sooner or later! The market trend is like this; it won’t reverse because of a short-term rebound. The current bearish structure is not yet complete, so no bottom is declared! It’s not recommended to chase longs on a slight rebound—high-level actions that are like licking blood on the knife’s edge!
Monday’s suggestion
Short in the 78,300-78,800 range, target 76,000-77,000 range, break below to watch 75,000
That’s all for now. For friends who didn’t get enough during the last bearish feast, why not give Lao Guo a ticket to join the boat? Time passes quickly, and one wave of trend is enough to reach the other side!