In the game field of contracts in the crypto world, every fluctuation of the K-line is like the drumbeat of fate. There are always those whose hearts race due to short-term volatility, eager to chase rises and sell on dips. But true experts understand that contract trading is not a 100-meter sprint, but a marathon that requires patience. On Monday evening, after a slight rebound in Bitcoin's market, it began to decline strongly, with the price dropping from a high of 102596 to a low of 99547. Ethereum continues to synchronize with Bitcoin, peaking at a high of 2316 before retracing, with the price dropping to a low of 2190. Victory Brother repeatedly provided bearish strategies in the afternoon and evening, and the market moved as expected. The Bitcoin and Ethereum short positions that were arranged in the afternoon were entered near 101924 and 2266 respectively, with exit points at around 100028 and 2195. The Bitcoin short position gained 1900 points, while the Ethereum short position gained 71 points.
According to the current market analysis, the four-hour level shows that after a slight rebound, the bears are starting to gain strength, with the price gradually approaching the lower band of the Bollinger Bands. The overall trend remains within a downward channel, and the KDJ and RSI indicators are all turning downward, indicating that the overall market sentiment is still weak. From the one-hour level, the market has shown three consecutive bearish candles breaking below the lower band of the Bollinger Bands, providing some support below. The price has recently warmed up, but the KDJ indicator has formed a dead cross pattern without giving clear signals for a trend reversal. The MACD indicator has also entered the negative zone, and although the RSI indicator has shown signs of turning upward, it is not enough to change the overall downward trend. Therefore, our operation at midnight will be based on the idea of high shorts after a rebound.
Bitcoin can be shorted near 102500 with a target of 100000.
Ethereum can be shorted near 2300 with a target of 2180#BTC☀ .