February 11 Market Morning Read
$BTC Recently, the large coin has been oscillating in a narrow range between 68000-72000. The bullish and bearish forces have been subtly shifting, and a direction is about to be chosen soon.
I believe that from the 4-hour chart perspective, each rebound is weaker than the last, and each high is lower than the previous one, logically suggesting that a second test is imminent. ETH has been performing slightly better than the large coin overall, but it’s still just a matter of degree, both are in the same boat.
Even the famous counter-indicator brother, after nearly 300 liquidations, is not optimistic about the future market.
But brother is just too much of a “plague god”: when he goes long, it crashes, and when he goes short, it seems he’s about to be liquidated, haha, it’s as if the market makers are just targeting him.
The capital's Hua Zi has also been played by the market makers to the point of closing all leverage, escaping in a scramble!
So as ordinary people, we should just play spot trading honestly.
Buy more when it drops, sell when it rises, sticking to the principle of being a heartless man!
Market Operation Suggestions
$BTC Short at 69000-69600, stop loss at 71000
$ETH Short at 2040-2065, stop loss at 2090
In short, watch more and act less, opening contracts now has no cost-effectiveness, it’s just testing your patience!
