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The stubborn insider has finally reduced his position, liquidating all of his Bitcoin long orders at a loss, while continuously reducing his positions in Ethereum and SOL long orders, once again crashing the market sentiment single-handedly!
However, this series of operations is for reference only.
In practice, we still need to pay attention to the support of the channel structure position in the market. The last support point for Bitcoin is the integer level of 105,000 USD. If it breaks, we should focus on the range of 103,500 to the previous daily low of 101,500 USD! For Ether, pay attention to the support in the range of 3,520—3,550 USD. If it breaks, the market may continue to test the space below 3,350 to the previous low of 3,200 USD.
The intraday volatility range is quite intense, and short-term trades should have good defenses. For long orders, make sure to wait for clear signals of stabilization before positioning.