On Friday, after a series of daily gains, the market welcomed a correction, with an intraday strategy focused on shorting.

The daily candlestick reached a maximum of 1616 and a minimum of 1560. The EMA15 trend line has dropped to 1645 and continues to decline, with the overall trend indicator still showing a strong bearish state, showing no signs of a pullback or contraction. At the same time, a descending channel has appeared on the daily chart, forming a downward trend around the 15-period trend line. The MACD has been expanding continuously, but the candlesticks are diverging downwards, and the Bollinger Bands also show the upper band falling to 1678 and continuing to decline, while the lower band support appears to be too high. The overall trend is in a slow decline.

The four-hour candlestick is consolidating below the EMA trend indicator, with MACD contracting, and both DIF and DEA are consolidating below the 0 axis. The Bollinger Bands are also in a consolidation phase, with the candlestick expanding downwards from the middle band at 1600. The lower band support needs to be monitored at 1550, and the space is gradually narrowing.

In terms of trading strategy, it is recommended to focus on shorting at highs. If considering a low buy, the holding time should not be too long; quick entry and exit are necessary. Especially after entering below 1550, if the price breaks through 1600 and the market turns unfavorable, one should stop-loss promptly. In a slow declining market, the pressure level continues to move downwards, requiring cautious operations.

Bitcoin: Short at 85000-85500, target at 82000

Ethereum: Short at 1580-1610, target at 1500