Analysis of Long-Term Strategies for Bitcoin and Ethereum

From a technical perspective, in the weekly timeframe, the K-line has continuously closed in the red, showing a weak downward trend. The mid-line support has been broken, and the price has difficulty stabilizing at high levels, continuing to decline. Currently, moving averages and other technical indicators maintain a bearish arrangement. Although there is a certain rebound for correction in the short term, the rebound strength is limited under the pressure of the overall downward trend. In a weak pattern, there is still the possibility for further downside for bears. Therefore, from a long-term perspective, the probability of continued downward movement for bears is relatively high, and subsequent operations are recommended to focus on shorting at high levels.

Short in the 87000-89000 area, targeting the 81000-79000 area, $BTC #加密市场观察