On Tuesday morning, analysis shows that Bitcoin price is fluctuating significantly, and bullish strategies have failed to sustain in the short term. After a price rebound to around 95,000 yesterday, it has currently pulled back to around 85,000. I have previously pointed out multiple times that price increases driven by news are difficult to sustain, and once the market digests the relevant data, prices often tend to fall back. The current market trend verifies this judgment.

From the four-hour chart, the market is still in a clear bearish trend. Given the recent significant declines in the US stock market, the likelihood of a V-shaped reversal today is low. Even if the market rises today, it should be regarded as a rebound.

Trading Suggestions

BTC Short-term: Short around 88,500-89,000, target 83,000.

ETH Short-term: Short around 2,190-2,100, target 2,050.

I’ve said so much every day, I’ve talked about what needs to be talked about, I’ve said what needs to be said, and I’ve given reminders. For those who understand, you can consult Wang Jianjun.