#ETH# The market data fluctuation in the early morning was not significant. After the US stock market opened last night, the market data was range-bound with both bulls and bears showing their strengths. However, by midnight, the market data completely stalled, with no significant fluctuations, and it corrected the current market data in a sideways manner. It touched 84000 in the early morning and fell back under pressure, confirming a small cycle's fluctuation range. Was the idea of going short above 84000 last night effective? I know many frens are hesitant to short due to the upward trend, which is normal. But your guidance on your entry point and your holding expectations, are they aligned with the higher trade volumes of the market data? Without proper planning in advance, how can you manage your position well?

From the current market data perspective, after the hourly chart surged and fell back, it has transformed into a high-level range-bound correction, which is also a typical correction method in a strong trend within a short cycle. The fluctuation range of the coin price is gradually narrowing, with the K-line oscillating around the mid-track as the fluctuation range. Currently, the correction has not exceeded a fluctuation of over a thousand points, presenting a lower volume structure for the recent major market. Last night, if the high point did not break 95000, then in the short term, it is highly likely that it will not further test the high point resistance, but rather change to a range-bound consolidation to accumulate energy for the bulls, preparing adequately for the next wave of upward momentum. Our approach for the day remains to maintain a strategy of high short oscillation.
You can short Bitcoin at 93800-94300, looking at around 92000. You can short Ethereum at 1800-1820, looking at around 1720. #BTC#