The current situation of Bitcoin is not very good! Will there be a big drop? Is Ethereum's drop a false break? Let's analyze it in detail.

In the early hours of today, both Bitcoin and Ethereum seemed to have broken their previous lows, then started to rebound, but the strength of the rebound is very weak, and now it has returned to the previous low area, showing a weak trend, which is not a good sign. $BTC

We have been very cautious in our operations. Although we are bearish, we do not chase shorts at low levels. In the crypto market, there are often false breaks to lure shorts, and Shu Qin specifically reminded us yesterday, and indeed a false break occurred last night. So how should we operate now?

I think a better opportunity for operation now is to wait for a rebound before going short. As I mentioned yesterday, we should go short when Ethereum rebounds to the upper edge of the 2980 - 3000 fluctuation range, and we have clearly stated it in our orders. As a result, it did indeed rise to 2988, making entry more assured, but now Ethereum has dropped again. $ETH

The reason behind this is not hard to understand. It is currently the Christmas holiday, and most institutions are on vacation, so there is not much big movement in the market. Therefore, we are mainly arbitraging through fluctuation in the recent period. Every time Ethereum approaches 3000, we can consider shorting one hand. I have been operating like this for a week, doing it 4 or 5 times, and the results have been pretty good.

Our current strategy is to trade short-term swings, mainly going short at high levels, especially when the price rebounds to various resistance levels, we can try to short and then wait for a pullback. For long positions, just hold low-leverage short positions, no need to worry about liquidation, steady and steady. When the bottom appears in the middle of next year, we will strike hard, and maybe we can make a lot of money. What do you all think!

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