Bitcoin is still in a bearish structure and has not yet fully played out.
We still maintain the unchanged view of following the trend and being bearish.
At the same time, we must constantly observe the changes in the market and any reversals.
We cannot blindly cling to battles, nor can we blindly fall in love with the market; the market is cruel and realistic. I present detailed market analysis in video format, which can be reviewed repeatedly. Today's perspective remains unchanged from yesterday: Bitcoin, looking at the 4-hour level, sees 80200 below, and unless it returns above 84800, there is no reversal structure. From the perspective of risk-reward ratio, I personally still maintain that the risk-reward ratio for shorting is greater than that for longing. My positions have also rolled down continuously from 87600. I believe a relatively reliable and probable level is around 78000, after which I will form new viewpoints.
As for Ethereum, I personally believe it will experience a weekly-level decline, and around 1600 is a relatively reliable level. Assuming we are entering a rebound wave now, we need to surpass 1947. Based on the trading records from the left side, we will either continue to make new lows or consolidate here before moving lower. To rise, we must have a rapid and significant spike to capture the liquidity at key levels to initiate the rebound wave.
Summary: Bitcoin in the short term looks at 80000~78000, Ethereum in the short term looks at 1600, and then we will look for new thoughts. {This is just a personal analysis and does not constitute any viewpoint.}$BTC $ETH