On Saturday, the market is expected to fluctuate there, shaking up and down. Unless there's some big news, it's unlikely to suddenly tilt one way.
First, let's look at the daily chart. The price is like a slide, breaking through several support points, with all moving averages pointing down. The MACD indicator has been indicating "continuous decline". Additionally, money is flowing out, solidifying the downward momentum.
Looking at the four-hour chart, although there was a sharp drop earlier, it has somewhat rebounded softly afterward. However, those indicators still point to a decline, suggesting that we may need to test the bottom again.
In the short term, only in the 15-minute chart is there a bit of strength trying to push upwards, but unfortunately, it lacks enough momentum to create significant waves.
Thus, our trading strategy should still be bearish; shorting is currently the safest play.
Trading Tips:
If Bitcoin rises between 84500 and 84800, short it, and keep an eye on 83000.
For Ethereum, between 2245 and 2260, short it, and pay attention to the 2180 level.
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