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The market did not experience significant volatility in the early morning. Bitcoin's fluctuations of a few hundred points, let alone Ethereum, and the bearish outlook given at midnight did not present a good opportunity. The entry point was provided, but there was no exit opportunity, so the only option is to hold and wait. Given the current trend, everyone should be patient and wait for the market to accelerate.
From the current pattern, the upward momentum of the relative price has weakened, and the downward pressure has gradually increased. Although the relative price reached a recent high yesterday, the continuation was slightly insufficient. The market may still consolidate, which is what we often call using space to buy time. Therefore, our bearish outlook remains valid. Friends holding short positions can be patient and wait.
This morning, short Bitcoin at 71,300 to 71,650, targeting the 70,000 level; short Ethereum at 2,080 to 2,110, targeting the 2,000 level. #GateforAI重磅上线