Good evening everyone, I am Xin Ya. Yesterday night the gold market dropped by a hundred points, no hesitation.

The short-term market sentiment is mixed, and the trend has poor continuity, repeatedly testing key positions of divergent structure, ignoring reviews, focusing on direction.

In the past half month, after Ether first broke 2520, those stubborn bulls began to call for the bull to come. This area has become a very important battleground. Just by looking at this position in the upcoming 25 years and 67 months, you can understand how important it is. The performance of Bitcoin in the past half month is quite intriguing, breaking the upward trend, while the rebound on the third broke the downward trend. The performance of altcoins is even more interesting; there have been several hotspots stirring emotions, but they have not driven the overall market.

The major players' thoughts are very clear now, ensuring the process of a bull market, but suppressing the upward progress; otherwise, if it goes up, it will only create chaos. Retail investors are eager to go long but are unwilling to hand over their chips, so the subsequent market can only walk the path of slow declines and shake out their chips. Currently, Bitcoin is in the third leg of a downward movement in a four-hour chart. Let's see if this leg can break below 77200.

I believe the market is not ready for a bull reversal. The 80,000 level for Bitcoin was originally the cost level of several major players two months ago. I think they have been trapped for two months and have finally managed to break free, using their sizing advantage to push down and collect chips. Therefore, in the short to medium term, I do not see the price going up.

I maintain my original viewpoint and first look for a test of the old position at 77200. As for Ether, we will see a downward test of 2440, and see if this time it can break away from the one-hour center to test the lower part of the four-hour box. It loves oscillation too much, and during the downward process, it is likely to encounter resistant emotions. There are many short-term opportunities; you can handle them freely.

Open short positions in batches, and it's best to have a short position ready. Plan your stop loss and replenishment accordingly, at 79600 and 2520 continue to add positions.
Stop loss can refer to around 80500 and 2555.

Follow along and pay attention to the public account: Xin Ya talks about Chan.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。