Tuesday Evening Thoughts

In the current market, after a two-day decline on the four-hour chart, there has been a three-day rebound, with prices moving upward. The KDJ indicator has formed a golden cross at this level, however, the MACD indicator's two lines are still running below the zero axis, showing no signs of an upward trend reversal. Therefore, the current rebound is merely a normal correction, with the overall trend still dominated by bears.

Looking at the one-hour level, the market has rebounded with five consecutive bullish candles, gradually approaching the middle track of the Bollinger Bands. In the short term, bullish momentum is relatively strong, but each bullish candle has a certain upper shadow, indicating that selling pressure still exists above. Therefore, evening operations should first focus on the strength of the rebound, and then choose the right moment to adopt a short position.

Trading Suggestions:

Bitcoin: Short around 116000-116500, target 114000. Ethereum: Short around 4350, target 4180.