Midday Analysis
1. Market Structure: Consolidation downward, retraction is not corrective but continues to break lower, daily line breaks, there is still adjustment space below, need to observe stabilization patterns (downward probing and rebound or continuous decline). The high position pullback in the small cycle shows weakness, initially follow the short position to see the pullback, and then selectively follow up with the swing long position.
- Bitcoin: Pay attention to short positions at 124000-128000, target around 110000
- Ethereum: Pay attention to short positions at 4670-4700, target around 4500 $BTC
