There is no need to be discouraged by the rough journey, and certainly don't miss the scenery along the way by rushing. Market fluctuations are normal; a moment of disappointment may just mean the direction hasn't been calibrated yet. After the morning rebound, the market faced resistance and pulled back, as previously indicated, the main line of the market has recently shifted to bearish, and the rebound is merely a normal repair adjustment. During this wave of Ethereum's pullback, we timely arranged short positions for our students, entering around 4364, and after the pullback to 4280, we successfully took profits, gaining 84 points. Please remember, a moment of misfortune does not require despair; failure is not scary, what is scary is losing the courage to start over.
The current market continues to show a downward trend, with a clear bearish dominance, and the lower space continues to expand, showing significant downward trend characteristics. From the four-hour cycle perspective, the Ethereum price is operating near the middle track of the Bollinger Bands, with bearish forces continuously testing the middle track's pressure capacity, and downward momentum gradually accumulating, with strong energy breaking through the middle track. All technical indicators are inclined towards bearish, with momentum continuously accumulating, and the short-term correction trend is clear, with a strong bearish atmosphere in the market. Future arrangements will continue the morning's thoughts, timely arranging short positions during rebounds.
Thursday afternoon operation suggestions:
Bitcoin: Short in the range of 114500-114800, target below 113000
Ethereum: Short in the range of 4340-4380, target below 4200
