$BTC $ETH Heard that some people are still fixated on going long at the 4-hour Bollinger Bands middle band? Coincidentally, our operation that broke through the middle band was backed by a huge bearish candle. Now every bearish candle is paving the way for our early morning short positions, while the sound of your stop-loss orders exploding one after another... In the early morning, this could be considered a unique background music? Why not admit it: while you are still staying up late watching the market, our four consecutive victories have spread across the internet. The intraday market is showing a downward fluctuation trend. Bitcoin briefly peaked at 120279 in the morning before falling under pressure, then maintained a weak fluctuation pattern, finally touching the lowest support level of 117333; although there was a slight rebound to 118726 in the evening, the bullish momentum is obviously insufficient, and overall it is still in a correction channel. Ethereum's trend is in sync with Bitcoin, after a horizontal consolidation in the morning, the bears exerted force, causing the price to drop from 3764 to the low point of 3582, without giving a strong pullback during the day. Based on the accurate prediction of market trends, we have maintained a bearish outlook since the morning.
The first Bitcoin short position was laid out at the high of 120200, with a stable take profit at 119200, gaining 1000 points of space
Ethereum short position entered at the resistance level of 3750, profit taken at 3673, gaining 77 points of space
Evening Bitcoin 118600 pressure level shorted for the second time, 117500 take profit to exit, gaining another 1100 points of space
Ethereum short position entered precisely at 3680, closed at 3596 to lock in 84 points of space
Overall, today's four positions perfectly matched the market rhythm, fully capturing the opportunities brought by this pullback.
From the current daily level trend analysis, the market trend is still maintaining a wide range of fluctuations between the upper and middle bands of the Bollinger Bands. The K-line shows a clear alternating characteristic of bullish and bearish candles, forming a relatively clear fluctuation range. From the 4-hour level trend, the current market shows a clear downward trend, with prices effectively breaking below the support level of the middle band of the Bollinger Bands, testing the lower band region. The latest long entity bearish K-line has no upper shadow, indicating that the bearish strength occupies an absolute advantage, and market selling pressure continues to increase. From the trading volume perspective, the bearish candles are significantly increasing, further validating the effectiveness of the downward trend. We will continue to wait for a wave of rebound shorts in the early morning.
Bitcoin: Short near 118100-118600 with a short-term target of 116000
Ethereum: Short near 3600-3620 with a short-term target of 3520
