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In the evening, shorting from high positions first gains over a thousand points of space. The overall market in the small cycle is in a correction and downward adjustment phase. There is still a possibility of filling the 90500 gap in the future, but if profits are sufficient, it’s better to take profits. Regarding the subsequent strategy, the four-hour MACD has formed a death cross indicating a small cycle correction. As discussed earlier today, the market still has the potential to fill the gap. After this round of rally and subsequent correction is inevitable. This adjustment still requires attention to the support structure at 90500 and 89000 to determine the bottom. The medium to long-term outlook remains unchanged: continue to hold long positions on dips in the larger cycle, and for the small cycle, consider short entries above 92000 on a rebound.
For the medium to long-term, lightly long around 90500, aiming for 95000. #BTC #ETH