This morning, a bearish outlook was established, and the market trend aligned with expectations. Six trades were publicly shared, yielding considerable profits: three BTC trades accumulated a profit of 3619 points, and three ETH trades accumulated a profit of 289 points.
From the chart perspective, the four-hour level saw a rebound after touching the lower Bollinger Band, forming two consecutive bullish candles. However, the body of the bullish candles is small, and the upper shadow is prominent, indicating selling pressure above, and it has not exited the downward channel, reflecting a bearish market sentiment; the one-hour level experienced a stepwise breakout of the mid-band, suggesting that the short-term rebound may be a setup for a second bearish dip, hence we still anticipate a continuation of bearishness after the rebound at midnight.
Tuesday evening strategy: Short BTC around 113000, target 111000; short ETH around 4630, target 4500. $BTC $ETH