$BTC In the vast sea of currency seeking treasure, the heart of the brave never fails. Through wind and rain, brilliance is forged, with wisdom like a torch illuminating the future. When the clouds part and the moon shines bright, the golden spears and iron horses return in triumph! Last night at midnight, Bitcoin's market experienced a strong downward trend, with the price slightly rising to around 118828 before facing pressure, and then began to decline until the early morning market touched the low point of around 116077. Ethereum's midnight market synchronized with Bitcoin's trend, with the price dropping from around 3816 to the low point of around 3709. Brother Sheng's bearish outlook given at midnight was fulfilled as expected, and the short positions in Bitcoin and Ethereum laid out by Brother Sheng were entered around 118593 and 3801 respectively, and exited around 117553 and 3756, with Bitcoin short positions gaining 1000 points in space and Ethereum short positions gaining 45 points in space. In the VIP guidance group, a Bitcoin short position was laid out, entered around 118700, and exited in batches when reaching the first take profit target of 117000, securing 1700 points in space, fully exiting when reaching the second take profit target of 116500, gaining 2300 points in space.
According to the current market situation, from the four-hour level, the market has formed a four consecutive bearish trend breaking through the lower Bollinger Band, with the Bollinger Band gradually widening, completely opening up the downward space, and the middle line of the Bollinger Band continues to maintain a downward trend, having already moved out of a larger weak category. The bulls have failed to stir any waves, and the overall trend has completely fallen under the control of the bears. From the one-hour level, the market has strongly broken through the lower Bollinger Band, and a unilateral trend has taken shape, with the market further declining. Although there is some support at the psychological level of 116000 below, even if the market rebounds, the strength will not be significant, so blindly bottom-fishing in the morning is not a wise choice; it should be done in accordance with the trend, proceeding with a bearish outlook. #BTC☀ #ETH🔥🔥🔥🔥🔥🔥
Bitcoin around 116500-117000 can be shorted, target looking at 115000.
Ethereum around 3750 can be shorted, target looking at 3600.