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Don't remind me again today

#ETH走势分析 Yesterday's fire in Hong Kong was truly heartbreaking, with dozens of lives lost just like that. On a side note, if you see someone stuffing electric scooters into elevators or casually parking them in hallways, don't hesitate to report it. Safety is something that cannot be taken lightly.



Back to the market. The strategy I gave yesterday was to short around 89000, with the stop-loss set at 90000. What happened? The market suddenly surged in the middle of the night, directly breaking through 91000. No need to say more, this trade hit the stop-loss.

But my overall judgment hasn't changed - I remain bearish. Why? The rhythm of this round of bulls has long been disrupted. This rebound, to put it simply, is just a technical pullback after the decline, conveniently clearing out the excessively crowded short positions. Once this rebound encounters resistance and falls back, it often marks the starting point of a new round of declines.

What is key to watch right now? Whether the middle track of the daily line can be held. If it can't be held, the bearish logic continues to hold. Personally, I still tend to short, with the defensive position placed around the middle track area of the daily line near 94000.

The above is just a personal opinion and is for reference only.

$BTC
ETH4.55%
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CoffeeNFTradervip
· 11-29 03:11
This order has been stopped loss, haha. The pump last night was indeed fierce. However, your logic is still there; we'll see if 94000 can hold.
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StillBuyingTheDipvip
· 11-27 23:59
I got stopped out again, this rebound is just a bull trap, waiting to see how 94000 will crash.
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OptionWhisperervip
· 11-27 05:01
Stopped out again? Man, this wave is a bit tragic, but speaking of which, the rebound is just a bull trap, I'm bearish too.
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rekt_but_resilientvip
· 11-27 04:49
I stepped on a landmine again, but this rebound is indeed a technical pullback as you said. The story behind it is probably not over yet.
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RugPullAlarmvip
· 11-27 04:45
To be honest, the data from this rebound looks ridiculous, the concentration of on-chain large investors' addresses has skyrocketed, it's clearly a whipsaw, don't be fooled.
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TopBuyerBottomSellervip
· 11-27 04:41
Oh no, I've been hit again, stop loss is in the dust but the logic is still correct.
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MergeConflictvip
· 11-27 04:36
Wow, I got stopped out again, this rebound is really amazing.
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