8. Analysis Strategy for Bitcoin Market on the Morning of the 20th!
From the market trajectory observation, after a brief weak correction, the price of the currency still cannot escape the inertia of downward pressure. Focusing on the small cycle level, the selling pressure is like a tide, layer upon layer increasing. The price of the currency has repeatedly tested the support level, but has always failed to find strong buying power. Each brief consolidation seems to serve as a 'charging point' for the bears, taking a slight breather before once again triggering a downward offensive. The moving average system has long been arranged like troops in a standard bearish formation, further confirming the current weak market situation, and the imprint of the downward trend is becoming increasingly clear.
Short near $BTC 114200-114500, target 112500
Short near $ETH 4215-4260, target 4080
