$BTC

In the tumultuous sea of currencies, as tides rise and fall, the brave ride the waves while the wise watch the clouds with a smile. With dreams as boats, we sail towards the shores of financial freedom.

Based on the current market situation, the four-hour level shows that the market has formed a six-consecutive bearish trend, continuously declining. The overall trend has developed into a very strong one-sided movement, with bearish momentum being robust. As prices continue to hit new lows, there is no significant support below. Bulls are completely suppressed by the powerful bears, showing no signs of recovery. It is highly likely that the downward trend will continue to explore lower levels. From the one-hour level, after a slight rebound, the market again formed a three-consecutive bearish trend. The Bollinger Bands still maintain a downward opening posture, with space below completely opened up. Bears continue to gain strength, and all key support levels below have been breached. Adjustment points are continuously declining, indicating that the downward cycle has not yet ended. Therefore, in our afternoon operations, we will proceed with a high short strategy.

Short Bitcoin around 115500, targeting 113500-113000.

Short Ethereum around 3650-3670, targeting 3550.