As shown in the chart, Ethereum and Bitcoin have already experienced four consecutive declines since the interest rate cut, with each decline being 5-10%. That's quite a lot. Now, we are getting close to the previous lows of 2720 and 2630, gradually approaching the support zone. It is not suitable to chase shorts unless there is a significant rebound, especially around 2980-3000; if it comes, I can short again.
The total decline in the past week is nearly 20%. I will keep an eye on some rebound positions, especially around the previous lows of 2630-2700. If it reaches that point, I will try to make a rebound. Even in a bear market, after significant declines, there will be decent rebounds. If it doesn’t reach, that's fine; it will eventually come, and the profit is there, no need to rush.$BTC $ETH
We don't need to actively predict the market. Wherever the market goes, we will operate accordingly. If ETH rebounds close to the 3000 resistance level, we will short and take a pullback. If it drops to the support level below, we will take a rebound, making profits back and forth. Tonight at 9:30, there will be key inflation CPI data, and we will take a look then. I will report the results to everyone as soon as possible.$BCH
From the news perspective, the current decline is influenced by some AI bubble and Japan's interest rate hike on Friday. Shuqin had already informed everyone in advance about this, so after Japan's interest rate hike on Friday, the negative factors may have been exhausted temporarily, and there might be a rebound to speculate on. Don't be too aggressive, of course, other unexpected news may also have an impact.
In addition to mainstream coins, Shuqin also had everyone short BCH yesterday. I mentioned this in last night's video when it was still at 560. In the afternoon, it dropped to 520, nearly an 8% decline, which is quite significant. When it rebounds, we can try shorting again, no rush, gradually accumulating wealth~
