#加密市场回调 Interest rate cut implemented, benefits fully realized, all long positions in Bitcoin have exited completely, and we firmly hold short positions for the medium to long term!

Family, last night's interest rate cut was largely digested by the market in advance, and Powell refuted the market's expectation that a rate cut in December was a done deal during his speech. The cryptocurrency price did not experience the "final surge" we anticipated. All our short-term long positions were cleared yesterday, while our earlier established medium to long-term shorts continue to show considerable potential!

Currently, the bearish signals for Bitcoin's long cycle are becoming increasingly apparent. After the weekly chart formed a death cross, there are signs of gradual volume expansion, as seen in the first chart. From previous instances, it is evident that the decline following the weekly death cross does not result in small price movements, typically falling at least 30% to even 70%. Therefore, we have reason to believe that a significant correction has already begun.

Regarding the short-term market, we have mentioned several times before that regardless of the situation after the interest rate cut, the main strategy will be to establish short positions. For the medium to long term, we have entered with low leverage shorts, and in the short term, we can see that the cryptocurrency price continues to weaken, with lows constantly being tested without a significant rebound. Bitcoin has shown clear bearish signals on both the daily and short-term 4-hour charts, with consecutive bearish candlesticks leading indicators downward. Currently, Bitcoin has fallen below the 110,000 threshold and shows signs of further extension. Therefore, we should look to short on any rebound correction intraday; aggressive traders can short at any position, with initial support seen around 108,000, followed by the lower Bollinger band on the daily chart at 105,600. Ethereum is currently priced at 3893; aggressive traders can short at the current price, while conservative traders should consider the resistance around 3930 for shorting. Initial support is seen at 3670, followed by 3400!

Family, stop hesitating and relying on luck. The main upward wave has ended, and any rebound correction presents a shorting opportunity. Follow Lin's rhythm; even in a bear market, we can soar!!!