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Early in the morning, the coin price quickly fell to around 11.57. After a brief consolidation, the coin price quickly rebounded again, reaching a low point of 11.43. Subsequently, the coin price quickly rebounded to the starting drop position. Currently, the coin price is entering a wide range of fluctuations around 11.5, with both long and short positions continuing to pull. This morning, our short order set at 115910 accurately captured a space of 1411 points at the 114499 level. I have already provided the thoughts and suggestions to everyone in advance this morning, and the prediction for swing trading remains consistently accurate.
From the four-hour chart perspective, the coin price has quickly declined with three consecutive bearish candles, breaking through last month's low of 114,700. The current coin price has formed an urgent state of over-indicator, and the MACD shows a stronger energy column indicating that the current bearish energy is still strong, occupying an absolute dominant position in the market. The four-hour Bollinger Bands are rapidly expanding, further opening up the downward channel. The short-term decline in coin price will continue further, and we should maintain a rebound high short order strategy to cope.
The big coin is short around 115500, pay attention to around 114500, the second coin is short around 3700, pay attention to around 3600.
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