$BTC

The new structure of Bitcoin is here, waiting for new trading opportunities.

Since the bullish trend of Bitcoin at 109100 has ended, we should focus on the bearish trend of 126200.

While thinking about going short, I hesitated when I saw others calling for 130,000 and 150,000. I didn't dare to short above 124600.

How does the market look currently? Isn't it normal for a downward trend to lead to sideways consolidation?

In the short term, there is a high probability of sideways consolidation between 119800 or 120600 and 122600 or 123300, making 123300 the current dividing line between bulls and bears, while 119800 serves as the critical point of this one-sided market.

From a 4-hour perspective, 126200 is the temporary top. Isn't it clear that after reaching a new high, it fell back down? Some people keep selling at the new high; they don't look at 130,000 or 150,000; they are only focused on what they can see.

Even if Bitcoin briefly breaks the bearish trend at 126200, the 4-hour candlestick has already indicated that even if it goes to 125000 or even breaks a new high, there are still big players selling.

For 122600 and 123300, if it breaks and falls back, go short; whether the latter can reach it is unknown; I'm not a fortune teller.

A false breakout below 120500 that dips to around 119800 and then recovers is fine for going long, with a stop loss at 119800 as the 15-minute candle breaks.

As for Ethereum, dropping over 300 points in one night, any mention of MACD crossing the zero line on the daily chart is misleading. If it really wants to reach 4800, it wouldn't have closed with a long bearish candlestick on the daily chart.