Recently, the market has been releasing signals indicating that the main index is about to enter a correction phase. Our daily strategy clearly outlines a bearish approach; yesterday's strategy accurately predicted the market trend, successfully validating our judgment and strongly addressing the doubts raised. The profit strategy at 3000 points has become a generous reward for those who carefully study the articles.
From the analysis of the 4-hour structure:
- A large bearish candle has broken the previous consolidation range, with the price being suppressed by the middle Bollinger Band, resulting in consecutive bearish closes, continuing the bearish correction trend;
- The important short-term support below has been breached, with the original support level now turning into a resistance level, making it highly likely that the bearish trend will continue;
- The Bollinger Bands are showing a downward opening shape, indicating that the downward trend has indeed begun.
On the daily level, bearish momentum continues to increase; on the weekly K-line, the consecutive bullish pattern is facing an end, and bullish momentum is gradually shrinking. Considering the trends across various time frames, the continuation of the correction trend is inevitable.
Today's operational strategy remains unchanged, continuing to focus on short positions: When Bitcoin rebounds to around 106,500, short positions can be established, with target prices looking down to 103,800 - 103,000.
