From the day before yesterday, I have been reminding everyone, continuously until yesterday, to pay attention to the gains and losses at the point of 95800. If we hold this level, we will continue to look bullish; otherwise, we will look for a pullback in the price comparison. Since yesterday, this point has been touched and pierced repeatedly, indicating that this level has already failed to serve as support. We timely entered a short position after the price comparison rebounded to around 96000, anticipating a pullback in price comparison, and exited when the price of Bitcoin dropped to 94600, capturing a profit of about 1200 points. The confidence in grasping the trend of the market is such that understanding the key levels allows one to remain undefeated in the face of ever-changing market conditions.
Bitcoin has made a move of probing highs followed by a decline, continuing the small bearish K from yesterday. The daily line is about to close, and it will form a medium bearish K downward. The price comparison has broken below the mid-track, returning to the previous range's high point. Ethereum is showing a similar pattern, always lagging in upward movements, while falling faster than anyone else, currently under pressure to move downwards. From the 4-hour chart of Bitcoin and Ethereum, it can be seen that after two days of oscillation and repair over the weekend, the price comparison began to build momentum for a plunge, slowly dropping to pressure the bulls, weakening the bullish momentum continually. This morning welcomed a small drop, and this large bearish K on the 4-hour chart instantly broke the mid-track, opening up a downward channel. Currently, there is still a need for a downward correction in the short term, and our morning strategy continues to look for a continuation of the price comparison downwards.
Bitcoin can short at 94300-94800 this morning, targeting around 92500; Ethereum can short at 1800-1830, targeting around 1720. #加密市场反弹 $BTC