$ETH Cutting meat is for living, while stubbornly holding on may lead to zero. Stopping losses is not giving up, but rather for better entry next time. When each wave of trends arrives, your first instinct is often wrong, especially during market panic or euphoria. The three most dangerous words in the crypto world: 'This time is different.' "Earning oil relies on cognition, while losing bamboo shoots relies on emotions. The opening of a new month unexpectedly led to a sharp drop in the market. On Monday, Bitcoin's price plummeted from above 90000 to a low of 83786 and then stopped. Ethereum closely followed Bitcoin's drop, reaching a low of 2718. We adjusted our bearish outlook in a timely manner on Monday afternoon, which helped recover some losses.

From the current market perspective, after a slight rebound in the daily line level, a continuous bearish trend has formed. Today's closing has a long upper shadow, presenting a bearish candlestick, with a certain continuation. The daily line level is operating below the middle track, and the overall trend remains bearish. On the short term, the 4-hour level sees frequent exchanges between bullish and bearish movements, with rebounds accompanied by pullbacks and vice versa. In the short term, the battle between bulls and bears is quite fierce, but the volatility base is relatively small. However, the bearish strength is still stronger than the bullish side, so for morning operations, we still maintain a primarily bearish stance.

Bitcoin: Short around 87500 Target 84500

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