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On Tuesday, July 15th, market turning point is here, follow the trend and short.
In the past two days, Bitcoin has overall experienced a decline of 7000 points, previously targeting the bears, and now is also attacking the bulls. The fluctuations are quite exaggerated, often moving several thousand points. Last night and today, the outlook is entirely bearish. During this round of declines, profits have been continuously taken. In the morning, several rounds of short positions were arranged, and Bitcoin has currently absorbed a drop of 3600 points, with profits rolling in across the board. After a short-term decline, a stop and adjustment signal has appeared, but the overall weak structure has not changed. In the afternoon, the focus will still be on shorting during rebounds.
On Tuesday afternoon, it is recommended to short Bitcoin at 117300-117500, with a focus on the target.
115000-110000 support level
Short at Ethereum 3000-3020 on Tuesday afternoon, focus on the target.
2900-2800 line