张竞霄
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Bearish
$BTC 7.25 Friday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
Today's morning market continued the bearish trend from the midnight session, with prices oscillating downward, reaching a low point of 115210, forming a one-sided downward trend. Currently, Bitcoin is undergoing technical consolidation around 115500. Ethereum's movement remains highly synchronized with Bitcoin, dipping to the 3575 support area during the session. The morning market trend completely aligns with our bearish expectations, accurately capturing the market rhythm! The ideas provided perfectly materialized; we placed a short position at 118350 and secured profits at 116500, successfully capturing a space of 1850 points. The Ethereum short strategy at 3716 was closed profitably at 3652, securing a steady gain of 64 points.
From an in-depth analysis of the current market trend, the daily candlestick chart shows that there have been two consecutive trading days with bearish candlestick bodies, with each closing price below the previous day's low, forming a standard bearish pattern. The price has effectively fallen below the important support level of the Bollinger Bands' middle line. Observing the 4-hour chart, the latest candlestick has formed a long bearish body that fully engulfs the fluctuation range of the previous three candlesticks, piercing through the middle line of the Bollinger Bands and reaching the lower band with overwhelming force. Throughout the decline, trading volume has significantly increased, but the bulls have shown almost no substantial resistance, with several weak rebounds encountering even more intense selling pressure. This afternoon, we can expect a continuation of the bearish trend, so remember to maintain good defensive measures.
Bitcoin: Short around 115300-115800, short-term target 113000
Ethereum: Short around 3640-3660, short-term target 3550
Today's morning market continued the bearish trend from the midnight session, with prices oscillating downward, reaching a low point of 115210, forming a one-sided downward trend. Currently, Bitcoin is undergoing technical consolidation around 115500. Ethereum's movement remains highly synchronized with Bitcoin, dipping to the 3575 support area during the session. The morning market trend completely aligns with our bearish expectations, accurately capturing the market rhythm! The ideas provided perfectly materialized; we placed a short position at 118350 and secured profits at 116500, successfully capturing a space of 1850 points. The Ethereum short strategy at 3716 was closed profitably at 3652, securing a steady gain of 64 points.
From an in-depth analysis of the current market trend, the daily candlestick chart shows that there have been two consecutive trading days with bearish candlestick bodies, with each closing price below the previous day's low, forming a standard bearish pattern. The price has effectively fallen below the important support level of the Bollinger Bands' middle line. Observing the 4-hour chart, the latest candlestick has formed a long bearish body that fully engulfs the fluctuation range of the previous three candlesticks, piercing through the middle line of the Bollinger Bands and reaching the lower band with overwhelming force. Throughout the decline, trading volume has significantly increased, but the bulls have shown almost no substantial resistance, with several weak rebounds encountering even more intense selling pressure. This afternoon, we can expect a continuation of the bearish trend, so remember to maintain good defensive measures.
Bitcoin: Short around 115300-115800, short-term target 113000
Ethereum: Short around 3640-3660, short-term target 3550
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