Waiting ten times is not as good as catching the next one! Dreams won't run away; it's just that you haven't caught up. Turn waiting into creating, rewrite the impossible into trying. Acting now is the loudest response to the future. The Monday night market shows that the bears are particularly strong. After the main coin was pressured from the high of 89,845 in the evening, it continued to break down and fall. It currently dropped to around 86,970 as the lowest point, with a single-day decline of over 3,000 points. Ethereum was pressured from the high of 3,177 in the morning, also forming a strong stepped decline, with the lowest dropping to around 3,002, a nearly 170-point decline for the day. In this market condition, there is no doubt that we remain firmly bearish. All two intra-day short positions on DApp have been stopped out. The short position near 89,700 mentioned in the evening strategy was stopped out at 87,000, closing with a 2,700-point profit. The short position on Ethereum at 3,140 mentioned in the evening strategy was stopped out at 3,020, closing with a 120-point profit. It's not that the market is weak or that the difficulty is high; it's that you've misjudged the direction and followed the wrong people.



From the current daily chart, a large bearish candle has appeared. After experiencing a significant plunge, the downward trend is now fully opened, and there is still some room for a pullback in the future. Looking at the four-hour structure chart, the Bollinger Bands are opening downward, and the K-line is running along the lower band, continuing to probe downward. Given the short-term weak pattern, short-term oscillation remains, and the Bollinger Bands are beginning to narrow. The K-line is in a phase of retracement and consolidation, but the continuation of the space remains an issue, possibly accompanied by a winding and repeated back-and-forth movement, step by step. However, the overall trend is still dominated by the bearish momentum. The Bollinger Bands are narrowing horizontally, and although the green energy bars have shrunk somewhat, there are no signs of a bottoming out. The midnight Silk Road market continues to revolve around the high point, and the Bollinger Bands can be adjusted accordingly.

For midnight trading, short DApp around 87,000-87,300, first target 85,000. For Ethereum, short around 3,000-3,020, first target 2,900.
BTC0.29%
ETH1.21%
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