$GT $ETH Will today continue the sharp decline or stabilize and rebound?


Early Monday morning, the market continued to decline, with no sharp drops overnight, but it was a slow boiling frog scenario, and another $520 million was drained, with 165,428 bankruptcies and zeroed-out accounts. Currently, the second-tier coin is testing support at around 2225. If it breaks this level with volume, it will definitely go below 2000; Bitcoin is slightly stronger, with support levels at 70900-74450, 63400, and 57850. Resistance is at 83960-86670.
At this moment, BTC feels like it could crash at any time, mainly because last week gold and silver plummeted, experiencing nearly 40 years of single-day declines, with severe bloodsucking; the US-Iran conflict triggered volatility in risk assets, with last Monday and Thursday night crashes, especially Thursday night, ranking tenth in the top ten historical liquidations. It’s heartbreaking. The market has experienced multiple crashes over the past four months, with obvious signs of intense reshuffling. In the next two or three months, don’t expect a long-term reversal easily. This situation may continue for a while. The darkest hour is just before dawn, and when we get through it, brightness will surely come. We must not fall before dawn! Position size is very important, you know what I mean!
ETH
Support at 1850/1600/1385
Resistance temporarily set at 2749
This week, the key focus is whether the support at around 2225 can hold. This is crucial!
Trading advice: Start entering support levels in spot trading with your eyes closed. If it breaks the last support, put all your idle funds that you won’t use in the next three years into it. Spot all-in is a rare opportunity that might only come once every year or even two. I believe if the chance comes, you will definitely take it!
Today, Monday daytime is only suitable for short positions with stop-loss. If you want to do T with 1% of your core position, do so only if you keep an eye on the market and can run quickly, or just do it with a stop-loss. Otherwise, don’t trade!
The current trend on 5/15 minute charts is a gamble that can be played intraday. Trend trading now is really not advisable!
GT-2,27%
ETH-4,35%
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Ryakpandavip
· 8h ago
Just go for it💪
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