$PI Brothers, take a look at this round - did we get caught? Brothers, don't let the pressure get you down, remember to relax. Brothers, do you want to check my swing trading levels 👀?

$PI is playing dead again

Market volatility is the norm, and industry development is inevitable. Don't question the industry due to short-term corrections, and don't deny the trend because of temporary losses. With proper understanding and a broad perspective, one can navigate steadily toward long-term success. The bearish momentum that formed at midnight and in the early morning hours continued, with Bitcoin dropping to the 68884 level before bouncing back. The bullish V-shaped reversal formed in the morning, with the highest point reaching 71028. Ethereum also touched a low of 2102 at midnight and early morning, followed by a rebound. The morning bullish bounce is relatively strong, with Ethereum reaching as high as 2168. In the short term, although the coin price has bounced back after the midnight drop, forming a V-shaped reversal with strong bullish rebound, it failed to break through the previous high resistance zone of 71800-71400. The rebound has entered a slowdown phase, and intraday adjustments are expected to continue. The pattern is more inclined toward another downward pullback for confirmation. Therefore, subsequent strategy should focus on short-term fluctuations and capitalize on small bounces to establish short positions. On the 1-hour level, the price continues to find support at the lower Bollinger Band, but the rebound failed to maintain a breakout momentum, facing pressure near the 71000 level. This position is also a key area where price has repeatedly faced resistance and pulled back. If the 71000 level doesn't stabilize in the short term, the market will likely continue sliding downward again, with the trend turning bearish. The MACD indicator's dual lines encountered resistance during the upward movement and have turned downward, indicating that bullish momentum is gradually dissipating. On Wednesday, Bitcoin near 71000 can be shorted directly, with short-term targets focusing on 69500-69000. Ethereum near 2170 can be shorted directly, with short-term targets focusing on 2100-2050. #PI #BTC #ETH