Silk Road Strategy on the evening of November 14


Bitcoin has fallen below the 96,000 mark, and Ethereum has dipped into the 3,100 range, with the U.S. stock market crash being a key driver of the significant decline in cryptocurrencies. The Federal Reserve has continuously released hawkish signals, and the expectations for interest rate cuts have completely collapsed, compounded by the market panic triggered by a vacuum in economic data, leading to increased pressure on the cryptocurrency market under dual stress.
After key support levels have been continuously breached, the market structure has completely shifted towards the bears. Any rebound has become an excellent opportunity for short sellers to increase their positions. The core trading strategy can be adjusted to: take advantage of rebounds to lay out short positions and follow the bearish trend.
The pancake rebounded to around 97400-98300; looking down at 96100-95300.
The two cakes rebounded to around 3200-3230; looking down at 3100-30500 #美国结束政府停摆 #抄底币种推荐 $BTC
BTC-1,77%
ETH-2,73%
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