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Tonight, individuals prioritize short positions.
BTC dropped to 1195 last night, but there was no continuation afterwards. At the 4-hour level, after breaking below 1210-1208, everything was recovered, and there was no second drop below the low. The daily line also closed above 1210-1208.
Tonight at 1210-1208 here, only if it breaks down and cannot recover, can it further decline to 119-118 here. So, tonight definitely don't chase unless it breaks down...
ETH dropped to 4260, but the 4-hour closing line is all above 4300-4320, and the daily line also closed above 4320.
So, here at 4300-4320, it can only go further down to 4250-4200-4165 if it breaks below and does not come back up.
Tonight there is a pullback before going short. If there is no pullback, then we will look at the support situation. If it breaks down and cannot recover, we will consider chasing it; otherwise, I'd rather miss out than participate.
#BTC #ETH