Xuxu Baby said that the market this Friday is mainly dominated by bears, showing a fluctuating downward trend. Bitcoin's price has been continuously retreating since the high of around 118,850 early yesterday morning. Although there was a slight rebound during this time, the strength was weak and failed to reverse the downward trend. It has now fallen to around 114,200, approaching a key short-term support level.

In recent days, I have been reminding everyone to mainly focus on short positions. Yesterday, I set up short positions for Bitcoin three times, accumulating a profit of 7,000 points, of which the short position taken in the early morning alone achieved over 4,000 points in profit; for Ethereum, two short positions also generated nearly 250 points in profit. Over the past two days, I have repeatedly emphasized that under the current trend, as long as one chooses to short, even if the entry point is slightly inferior, it is only a matter of how much profit can be made.

From the 4-hour candlestick chart, the bearish trend is evident. Bitcoin's price has continuously closed lower from the high of around 118,910, and although there have been sporadic upward candles, it has consistently failed to break through the mid-line pressure, and the rebound amplitude is getting smaller, indicating insufficient strength for a bull attack. Currently, the price continues to run along the lower track, with the Bollinger Bands opening downward, and the downward channel has already opened; in the MACD indicator, the DIF remains below the DEA, with the green bars continuously expanding, showing no signs of weakening bearish momentum; the short-term RSI6 has dropped into the oversold zone but has failed to drive the medium-term indicators to change direction, indicating weak rebound momentum.

Overall, the pattern dominated by bears has not changed. If the lower track support is lost, it may open up deeper downward space. In terms of operation, one can take the opportunity to short during rebounds while closely monitoring the situation of the lower track support.

Operational suggestions:

- Bitcoin can be shorted around 114,500—115,500, with a target towards 113,000; if it breaks, one can continue to follow up.

- Ethereum can be shorted around 3,580, with a target towards 3,450. #BTC走势分析 #ETH #美国加征关税 #加密市场回调