BTC & ETH Quick Review: Bears Lead the Correction, Positioning for a Turnaround
BTC has fallen from 88,985 to 86,000, and ETH has dropped from 3,177 to 2,970, continuing the overall adjustment. In terms of strategy, gradually position short orders near 90,000, targeting 87,000, with significant profits realized in actual trading.
Technical Analysis: BTC broke the lower Bollinger Band on the four-hour chart, with channel expansion and bears in control; the daily chart remains in a downward channel with weak rebounds; MACD shows a reduction in green bars but bears dominate, with no signs of a stop to the decline; market volatility is increasing, entering a consolidation phase.
Operational Strategy: If it does not stabilize above 88,000, focus on shorting on rallies; watch for support at 85,000 and consider light long positions; if it rebounds to 88,000, it may be shorted again, targeting 83,000; short near 3,050 for ETH, targeting 2,930–2,900, with position control to prevent spikes.
Core Logic: Do not guess the bottom, do not catch the bottom, only act on confirmation signals, strictly adhere to discipline, go with the trend, and patiently await market turning points. $BTC
