The market shapes you in favorable times and educates you in unfavorable times. Don't be sad; there will always be periods of market fluctuations that you don't understand, and there will always be waves you can profit from. Do you think that just because you didn't make money today, you will keep losing tomorrow? Do you think that the opportunities you miss today will always pass you by? Early Sunday morning, the situation changed dramatically, and the market experienced a waterfall-style decline. Bitcoin fell from Saturday night's rebound high of around 103940, breaking downwards and touching a low of 101020 in the early morning. Ethereum faced pressure and dropped from its intraday rebound high of around 2447, currently falling to a low of 2230. On Saturday afternoon, we first observed a rebound, and when the bullish momentum weakened, we timely advised to exit. Bitcoin gained 550 points, and Ethereum gained 26 points. In the evening, we maintained our recent bearish outlook, positioning for a short at around 103800 for Bitcoin and around 2438 for Ethereum. In the early morning, all positions were closed as expected; Bitcoin's profit was 102000, gaining 1800 points, and Ethereum's profit was 2350, gaining 88 points. Although the layout of the old short positions didn't capture the entire range from top to bottom, it allowed those who followed to seize this bearish market, living up to expectations.
From the current market perspective, Bitcoin has seen three consecutive daily declines and is trending lower, initiating a series of downward adjustments. After losing last week's low of 102600, it has continued to deepen its downward space while driving the MACD to form a dead cross at a high level, indicating there is still some room for adjustment in the short term. On the 4-hour chart, the middle track of the Bollinger Bands serves as a critical point for strength and weakness. After breaking below this point, it entered a corrective trend channel. Combining this with the previous rebound high near 103900, it has moved quite a distance away, with short-term weakness continuing. In future operations, rely on the 103000 integer level for defense; breaking the low points of 102800-102500 will serve as resistance for future rebounds, which would be a short point to watch for further continuation of the decline, paying attention to the breakthrough situation at 100300.
Operational Suggestions:
On Sunday morning, Bitcoin can be shorted near 102500, with the initial target focusing on 100300.
Ethereum can be shorted at 2350, with the initial target focusing on 2230-2180.
