Do not waver because of temporary fluctuations, and do not lose yourself due to external noise. A true investor perseveres through storms, forging an unbreakable inner defense with reason and patience. Last midnight, the Bitcoin market showed a relatively strong downward trend, with the price dropping from a high of 95426 to a low of 93678 before stopping. Ethereum followed suit, gradually retreating from an evening high of 1842, with the price touching a low of 1780 in the morning. The short position in Bitcoin, precisely laid out by Brother Sheng at midnight, was entered around 95250 and exited around 93716, securing a gain of 1500 points.
From the current market perspective, the four-hour level shows a significant downward breakthrough of the Bollinger Band's midline, and the KDJ indicator at this level has formed a dead cross pointing downwards. The overall market trend is gradually weakening, with bearish momentum beginning to diverge. From the one-hour perspective, the market has shown four consecutive bearish candles, breaking through the lower Bollinger Band before stopping, and the KDJ indicator also indicates strong bearish strength. All three lines are at relatively low positions, especially the J value, which has fallen below 30, approaching the oversold zone. Although there may be a technical rebound in the short term, the overall trend remains bearish and will not change the overall structure, so we are more optimistic about bearish movement after a rebound in the morning.
Short Bitcoin around 94500-95000, target at 93000.
Short Ethereum around 1820, target at 1750.
