In the game arena of contracts in the cryptocurrency world, every fluctuation of the K-line feels like the beat of fate, and there are always those whose hearts race due to short-term volatility, eager to chase after rises and falls. But true experts understand that contract trading is not a 100-meter sprint, but a marathon that requires patience. On Monday evening, after a slight rebound in Bitcoin prices, it began to decline strongly, with the price dropping from the high point of 102596 to touch the low point of 99547. Ethereum continues to move in sync with Bitcoin, reaching a high point of 2316 before pulling back, with the price dropping to a low of 2190. In the afternoon and evening, Brother Sheng provided multiple bearish strategies, and the market moved as expected. The short positions for Bitcoin and Ethereum set up simultaneously in the afternoon were entered around 101924 and 2266, respectively, with exit points around 100028 and 2195. The Bitcoin short position gained 1900 points, while the Ethereum short position gained 71 points.
From the current market view, the four-hour level shows that after a slight rebound, the bears are beginning to gain strength, with prices gradually approaching the lower Bollinger Band. The overall trend remains in a downward channel, and the KDJ and RSI indicators are all turning downwards, indicating that overall market sentiment is still weak. From the one-hour level, the market shows three consecutive bearish candles breaking below the lower Bollinger Band, providing some support below. The price has warmed up somewhat, but the KDJ indicator did not give a clear reversal signal after forming a death cross, and the MACD indicator has also entered the negative zone. Although the RSI indicator has started to turn upwards, it is not enough to change the overall downward trend. Therefore, for operations at midnight, we will adopt a high short strategy after a rebound.
Bitcoin can be shorted near 102000, targeting 99500.
Ethereum can be shorted near 2280, targeting 2180.
