Last night's live broadcast, we provided around 4650, short position. The first target level is 4460-4440 here. The current lowest pullback is 4465 here. If you still need my help to get out of your position, it's really frustrating.
I have been live streaming all night. Everything that needs to be said has been discussed during the live session. I am a person who goes with the flow; what is yours is yours, and what is not yours cannot be kept. There are still a lot of things to handle. To briefly summarize the current market situation, looking back at the market, Bitcoin's daily chart is still in a downward consolidation trend. The trend structure has not shown any significant reversal signals. From the candlestick pattern, there has been a continuous alternating rhythm of 'consecutive bearish candles and one bullish candle' recently. The momentum during each rebound process quickly diminishes, and after a bullish candle appears, it quickly turns bearish again, highlighting the lack of continuation in the rebounds.
The resistance effect of the upper pressure zone continues to be evident. Even though there was a brief attempt to rebound overnight, it has not attracted enough buying pressure to form effective support. The rebound momentum quickly exhausts after reaching the resistance level, and the price then re-enters a phase of pressure and decline. Overall, the trading atmosphere is cautious, and in the long-short game, the bears are always dominant. The weak characteristics of the market are obvious. In terms of short-term operations, it is advisable to continue to follow the bearish mindset, primarily focusing on short positions after encountering resistance during rebounds, and to avoid bottom-fishing or chasing longs too early. At the same time, it is necessary to closely monitor the effectiveness of the key support levels below. If the support breaks, further downside potential needs to be assessed.
On Thursday morning, pay attention to the 111600-112300 area for short positions in Bitcoin, while watching 109000, 108000, and finally 106500 below.
For Ethereum, short positions in the 4520-50 area with targets down at 4440 and subsequently 4330 here. I hope everyone can gain something from this. $BTC #币安HODLer空投DOLO $ETH #ETH走势分析