3.7 Bitcoin and Ethereum Market Analysis

The short position layout for Bitcoin at 91,500 given the day before yesterday has seen real estate reduction and exit at high levels, with a subsequent increase today reaching around 84,000, which has brought in profits of several thousand. This is something real estate users are aware of. The article was not updated in time, so I can only provide the general idea, please do not take offense.

Today's market analysis from the candlestick pattern indicates that there is still a significant sell-off at the upper level of 91,000. The daily price chart has not tested the bottom multiple times, indicating the need to push towards 90,000. The current market is in a correction phase, and after minor adjustments, the larger trend cycle has not improved. The bulls have released some technical indicators; the KDJ has a death cross, indicating the bulls are slowing down with insufficient momentum, waiting for the market to struggle to rise before establishing high short positions.

Bitcoin operation: layout short positions around 89,000-90,550, target 87,000~85,000, risk control 1,000 points #BTC走势分析 $BTC $ETH