Lunar New Year Day 2 | Follow the trend for a high short position, patiently awaiting a second bottom



Wednesday, following the trend to short remains the core strategy, continuing to seek high points for shorting.

Recently, the market has lacked effective breakout strength. Yesterday’s pullback stabilized at the 66,000 support level, maintaining a overall range-bound fluctuation pattern. At this stage, just stay firm on the trend direction; there's no need for frequent guessing.

Regarding everyone's concern about "whether the bottom has been reached," here is the unified response: the trend has not yet changed. The volatility after a sharp decline is normal market behavior. From a technical perspective, there is still a theoretical possibility of a second bottom.

In terms of operations, except for a small rebound considered at the end of February and the three weeks before the Federal Reserve decision in March, the main approach is to follow the trend and short on the right side:

- Bitcoin: Resistance at 68,800, support at 66,000. Rebound in the evening can be used to establish short positions.

- Ethereum: Resistance at 2,060, support at 1,870. Short in sync with Bitcoin.

Today, on Lunar New Year Day 2, wishing the family of Snowfield smooth trading, long-lasting accounts, and a prosperous new year! #BTC #ETH #比特币下一步怎么走?
BTC-2,37%
ETH-2,88%
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