Tuesday Morning Analysis:
In the midnight market, the bears have formed a strong continuation, refreshing the lows within the short cycle, with a minimum primary level of 76560. Although there was a rebound in the early morning, the strength was weak, and the price is currently running around 76,000. Ethereum bears are also quite strong, continuing to probe downwards in the midnight session, with a minimum touching the low of 1752.
The daily chart shows five consecutive trading days closing in the red. Yesterday recorded a long upper shadow candlestick with a medium bearish body, confirming the continuation of the bears. The moving average system shows signs of turning downwards, and the MACD momentum bars are continuously increasing, indicating that the medium-term adjustment trend continues. Therefore, the morning strategy remains focused on shorting at highs.
Trading suggestions: Bitcoin: Short around 78000, targeting 76000.
Ethereum: Short around 1820, targeting 1740.