The early morning Bitcoin has strongly declined to a low point around 84400. The trend of the K-line is particularly intense, with Ethereum following suit, pulling back to a low point around 2780 to stop the decline. The overall trend still revolves around a weak structure. After successfully capturing the long position in the evening, we also successfully took a high position before breaking the 90000 mark, and once again captured a space of 2000 points in Bitcoin and 80 points in Ethereum.

From the current market perspective, Bitcoin is gradually lacking rebound momentum on the daily chart. As the K-line frequently forms upper shadows, it indicates that market liquidity is too poor, and the buying signals are getting weaker. The K-line trend still dominates. On the four-hour structure, it rebounded to the upper Bollinger band and faced pressure, then sharply plunged to the lower band, breaking the support below again. The indicator moving averages are consistently pointing downwards, proving that there is still some space below. In terms of operations, it is recommended to maintain the strategy of shorting around the rebounds.

Bitcoin can be shorted in the morning at 86000-86500, targeting around 84000, while Ethereum can be shorted at 2850-2880, targeting around 2750. #加密市场观察