#BTCvsMarkets Analysis of Today's Thinking
Yesterday's market took a sharp turn, with prices falling from 84421 to 82339. We positioned a short order at 83500, and our partners successfully captured over 1200 points, with quite stable trades.
The tariff war is intensifying, the US dollar index is experiencing its biggest drop in 20 years, and the S&P 500 plummets 10% in two days. However, Bitcoin is moving in an independent trend, maintaining a range fluctuation.
Currently, the short-term highs and lows of Bitcoin are contracting, the fluctuation range is narrowing, and the trend is weakening, restricted by moving averages and struggling to break out. The 4-hour chart shows BTC converging and lacking upward momentum. It is suggested to continue with a bearish approach during the bounces and engage in high short trades.
Trading Suggestions
Bitcoin: Short near 83500-84000, target 82000
Ethereum: Short near 1800-1830, target 1750
