#美SEC促进加密资产创新监管框架 Last night, Bitcoin was suppressed from the 92,200 level and consolidated around 89,600 after pulling back. On the daily chart, a candlestick with an upper shadow and a bearish body was formed. For support below, keep an eye on the 89,200 and 87,500 levels. The four-hour chart is quite interesting—the price dropped sharply after a low-volume touch at the upper band, breaking down and leaving a solid bearish candlestick. The area around 88,200 is pretty critical. The hourly chart shows an even faster pace, with five consecutive bearish candles and increasing volume, giving the bears complete control.
Here’s the strategy for early Tuesday morning:
For Bitcoin, you can consider a short position around 90,500–91,000, targeting the 89,000–88,500 range. Set your stop loss at 91,500.
Ethereum follows a similar logic. Consider shorting around 3,120–3,140, targeting the 3,065–3,045 area. Place your stop loss at 3,170.
$BTC $ETH $SOL are all confirming downward pressure. This round of correction is pretty intense, so make sure to seize the retracement opportunity.
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DAOdreamer
· 12-08 16:51
Be cautious about shorting; don't chase the downside.
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liquidation_watcher
· 12-08 16:51
Safe entry for short positions
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Ser_APY_2000
· 12-08 16:50
It all depends on the bulls' performance.
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YieldWhisperer
· 12-08 16:50
It's just empty.
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NeverPresent
· 12-08 16:32
The risks of short positions outweigh the opportunities.
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All-InQueen
· 12-08 16:25
Observe more, act less, leaving is the best option.
#美SEC促进加密资产创新监管框架 Last night, Bitcoin was suppressed from the 92,200 level and consolidated around 89,600 after pulling back. On the daily chart, a candlestick with an upper shadow and a bearish body was formed. For support below, keep an eye on the 89,200 and 87,500 levels. The four-hour chart is quite interesting—the price dropped sharply after a low-volume touch at the upper band, breaking down and leaving a solid bearish candlestick. The area around 88,200 is pretty critical. The hourly chart shows an even faster pace, with five consecutive bearish candles and increasing volume, giving the bears complete control.
Here’s the strategy for early Tuesday morning:
For Bitcoin, you can consider a short position around 90,500–91,000, targeting the 89,000–88,500 range. Set your stop loss at 91,500.
Ethereum follows a similar logic. Consider shorting around 3,120–3,140, targeting the 3,065–3,045 area. Place your stop loss at 3,170.
$BTC $ETH $SOL are all confirming downward pressure. This round of correction is pretty intense, so make sure to seize the retracement opportunity.