$BTC Cutting meat is for the sake of living; stubbornly holding on may lead to a total loss. Stop-loss is not about giving up, but rather for a better entry next time. When every wave of trend arrives, your first instinct is often wrong, especially during market panic or euphoria. The three most dangerous words in the cryptocurrency world: 'This time is different.' "Making profits depends on understanding, losing money depends on emotions. The opening of the new month unexpectedly led to a sharp decline in the market. On Monday, Bitcoin's price sharply retraced from above the 90000 mark to a low of 83786. Ethereum synchronized with Bitcoin's drop, reaching a low of 2718. We timely adjusted our bearish outlook on Monday afternoon, which helped recover some losses.

From the current market perspective, after a slight rebound in consecutive green candles, it has formed a series of red candles. Today's session closed with a long upper shadow, forming a bearish k-line, and it shows some continuation. The daily level is operating below the middle track, and the overall trend remains bearish. On the short term, the 4-hour level frequently alternates between green and red, with rebounds accompanied by retracements, and retracements also followed by rebounds. In the short term, there is fierce competition between bulls and bears, but the volatility is relatively small. However, the strength of the bears is still somewhat stronger than that of the bulls, so for the morning's operations, we still maintain a primary bearish stance.

Bitcoin: Short near 87500 Target 84500

Ethereum: Short near 2850 Target 2700#加密市场回调