Today's market is highly volatile, with a tug-of-war between bulls and bears. After experiencing a continuous decline on the daily level, yesterday saw a technical rebound but closed with a typical 'shooting star' pattern. Today, a significant breakdown has confirmed the reversal signal. From the candlestick combination, the current bearish candle's body engulfs the rebound of the previous two days. The MACD histogram is expanding below the zero line, clearly indicating a bearish dominant pattern, which may lead to an accelerated bottoming phase.
Recommended Actions in the Early Morning
Short Bitcoin in the 116500-117000 range, targeting 114000
Short Ethereum in the 4380-4420 range, targeting 4200
