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Price comparison has been trending downward throughout the entire day yesterday, with several rapid declines. In the early hours of today, there was a slight rebound. We took a short position all day yesterday and closed all positions with profits. All our targets were hit, resulting in approximately 2,500 points gained on Bitcoin and about 120 points on Ethereum. If you can precisely time your entries, taking profits becomes as easy as drinking water. Don’t wait until the trend fully develops to decide what to do—that’s like shooting yourself in the foot and useless.
Currently, the market may see a slight rebound, but as previously mentioned, under the current downtrend, the rebound won't have much room to run, and prices are likely to fall again. Recently, price comparison has been oscillating within a range, with upward moves suppressed and rebounds from lows unable to break through the range. If this pullback doesn’t break below the support level, prices will likely rise again. At that point, we can adjust our strategy accordingly.
This morning, short Bitcoin at 68,900 to 69,300, targeting 67,500. Short Ethereum at 2,070 to 2,100, targeting around 2,000.